Good news
26 July 2004 | Investments | General | Angelo Coppola
Mutual and Federal and Grinrod surprised with great results, buoying the market.
The currency weakened against all the majors as the dollar regained some ground.
Yields on the capital market closed slightly weaker while commodities where mixed – platinum down 0.37% and gold higher by 0.13% and oil lost some steam and closed lower by 0.42%.
European markets closed in the red. US markets closed mixed with the Dow Jones flat and the Nasdaq shedding 0.54%. The Far East is mixed this morning with the Hang Seng down by 1.03% and the Nikkei marginally in the black.
The local market is expected to watch European markets carefully today, as support levels for all of the European markets are under threat.
