Jan 21, 2014

Morning Market Report

A quiet day on the markets thanks to a public holiday in the US.

  • The market is down 2.2 points. The US markets were closed yesterday for the Martin Luther King Jr public holiday.
  • Oil was down 0.65% at US$93.72.
  • Gold rose $2.20 to US$1254.10 per ounce.
  • The US$ was weaker against most major currencies. The Aussie dollar was stronger and is currently trading at US88.02c.
  • US treasury markets were closed. 
  • European shares were generally weaker — the UK FTSE rose 0.11% but the German DAX fell 0.28% and the French CAC was down 0.11%.
  • European bonds were stronger — the yield on the Euro 10 year fell two basis points 1.734%. The French and German yields fell 2 basis points to 2.178% and 1.734% respectively. The UK 10 year bond yield was unchanged at 2.828%.
  • Base metal prices were weaker — nickel fell 1.01%, aluminium fell 0.98% and copper was down 0.19%.
  • Iron ore was down US$2.50 at US$124.80 a tonne.



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