Morning report (9 Feb.)
08 February 2004 | Investments | General | Angelo Coppola
Local equities closed higher on Friday driven by a weaker rand during SA trading hours, says Nico Kelder, economist at the Efficient Group.
Gold and platinum responded positively to the weaker dollar while oil declined to close below the $29 per barrel level. European markets showed some life on Friday while US markets made good gains.
In the Far East this morning, markets are mixed; the Nikkei is down while the Hang Seng is trading almost 1.5 percent higher. We expect local equities to follow the stronger currency and to open slightly weaker.
