Daily Financial Markets Report

Monday, 23 January 2017

Highlights

  • The U.S. dollar weakened against a wide range of currencies on Monday amid disappointment that U.S. President Donald Trump’s inauguration speech proved light on detail over his plans for economic stimulus. Europe‘s main stock benchmark closed down modestly Friday, snapping a weekly run of gains, as investors remained largely on the sidelines before Donald Trump delivers his inauguration speech as the 45th president of the United States. After some initial softness, Asian stocks are broadly higher as investors continue to digest what Donald Trump means to their holdings.
  • Spot gold is currently trading at US$ 1 212.00/oz. and platinum at US$ 984.80/oz. Brent crude oil is currently trading at US$ 55.42 per barrel.
  • The U.S dollar is currently trading at 1.07 to the Euro; 1.24 to the Pound and will buy 113.35 Japanese Yen or 13.62 South African Rand.

 

  23 January 2017 Click Here

 

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Tshidi Moatshe

SACCI Communications


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