Morning report (4.5)
02 May 2004 | Investments | General | Angelo Coppola
Local and international markets closed slightly higher yesterday, reports Nico Kelder, economist at the Efficient Group.
For most part of the day the local market traded in the red but managed to close slightly up.
The currency traded mixed; flat against the dollar but weakening against the euro and pound. The bond market also closed stronger with yields declining (price increasing) by almost 0.5%. Gold lost some shine while platinum polished its price by almost 2%.
European and US markets closed nearly 1% higher yesterday. We expect that the market could trade higher today but the money supply data could affect the bond market.
