Nothing happening…

The slight decline in the market was the efforts from Anglo American (-1.20%) and Sasol (-1.00%), while Highveld steel climbed 1.60% supported by Harmony jumping 3.00%.

The currency weakened against the dollar but gained to the euro and pound, as the dollar made a comeback. Gold and oil reacted as expected and closed the day slightly lower while platinum continued to ignore the dollar movements trading higher.

The Dow Jones was well supported by Altria, Boeing, Wal-Mart and Home Depot falling just short of the 1% mark. A poor profit forecast from Peugeot Citroen turned the sentiment against car makers keeping the French market in the red. ABB and GlaxoSmithKline helped the British and German markets to keep their head above the red line.

Toyota shrugged off the poor performance of its European counterparts and is driving the Nikkei higher this morning. We expect that the market should be trading to the upside today supported by the positive US markets on Friday.