Daily Financial Markets Report

Tuesday, 10 January 2017


·         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

South African Chamber of Commerce and Industry (SACCI)

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