Morning report (19.2)
18 February 2004 | Investments | General | Angelo Coppola
Local equities' love affair with the currency seems to be over, as equities showed little response to the movement of the currency yesterday, reports Nico Kelder, economist at the Efficient Group.
The budget announced yesterday was boring and had little real effect on local markets. The bond market strengthened yesterday suggesting that the market liked the budget.
Both US and European markets were flat yesterday. The Far Eastern markets are trading mixed this morning with the Nikkei up a bit.
