Morning report (6.4.04)
05 April 2004 | Investments | General | ANgelo Coppola
Local equities declined slightly yesterday on the back of weaker construction and banking sectors, reports Nico Kelder, economist at the Efficient Group.
The currency continued to weaken against the dollar but gained against the euro.
Commodities declined on the back of a stronger dollar. European markets made strong gains yesterday with the US following higher.
Markets in the Far East are also trading higher this morning with the Hang Seng gaining almost 1.5% up so far.
We expect that the market should trade higher today depending on the movements of the currency.
