Morning report (28.4)
26 April 2004 | Investments | General | Angelo Coppola
Local equity markets closed slightly up Monday before yesterday’s public holiday, says Nico Kelder, economist at The Efficient Group.
The rand weakened against the dollar and euro, but closed stronger against the pound, while the dollar lost some ground against the euro.
The bond market traded slightly higher on Monday. Commodities were mixed with gold and oil trading higher - oil up more than 3.5%.
US and European markets closed flat yesterday, with markets is the Far East following suit this morning.
We expect that markets should trade flat ahead of the inflation data later today. Bonds should indicate if inflation is as expected or not.
