Jun 26, 2014

Morning Market Report

A good result on markets yesterday, both locally and worldwide.

The market is up 21 points. The Dow Jones was up 49 points at 16,868 — The market started the day on a weak note after disappointing economic data but quickly recovered, supported by the view that the data was historical and some good corporate earnings have been achieved since. Health Care was the best performing sectors, assisted by reports of industry consolidation. Materials and Technology companies also did well. Consumer Staples and Financials lagged. Volume was below average although in line with more recent levels and the market traded in an 84 point range.

US economic data was disappointing — The third estimate of first quarter GDP was revised down to -2.9% from 1.8% expected and durable fell 1.0% compared to the 0.4% rise expected.

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One thought on “Morning Market Report

  1. Boerwar

    [Gold rose US$1.30 or 0.10% to US$1322.60c a tonne.]

    I have my order for 1,000 tonnes ready. Where do I send it?

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