Morning report (2.4)
01 April 2004 | Investments | General | Angelo Coppola
Local equities survived April fool’s day and ended the day in positive territory, says Nico Kelder, economist at the Efficient Group.
The currency weakened slightly after the strong gains made the previous two days. Platinum made huge gains while gold and oil traded flat. European and US markets had a good day with gains of up 1-percent yesterday.
Markets in the Far East are following the positive trend with the Nikkei gaining more than 1-percent. We expect some profit taking today but if the currency weakens further it could support the markets.
