Daily Financial Markets Report

Tuesday, 10 January 2017

Highlights

·         U.S. stocks retreated Monday as the Dow Jones Industrial Average pulled back further from the psychologically significant 20,000 milestone, although the Nasdaq bucked the weak trend to finish at an all-time closing high for a second session in a row. European stocks lost altitude Monday, with Lufthansa, Fresenius and William Hill among the biggest losers after they gave discouraging updates on their businesses. Asian shares hit a bump on their 2017 dream run on Tuesday, hurt by doubts over a recent global oil curb deal, and apprehensions ahead of U.S. President-elect Donald Trump’s first news conference since his election victory.

·         Spot gold is currently trading at US$ 1 184.30/oz. and platinum at US$ 980.20/oz. Brent crude oil is currently trading at US$ 54.93 per barrel.

·         The U.S dollar is currently trading at 1.06 to the Euro; 1.21 to the Pound and will buy 115.74 Japanese Yen or 13.62   South African Rand.

  10 January 2017 Click Here

 

Kind Regards

Tshidi Moatshe

SACCI Communications


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