Still recovering
15 August 2004 | Investments | General | Angelo Coppola
(16.8.04) Bonds were marginally weaker, probably correcting after the strong run on Thursday resulting from the rate cut.
Commodities closed higher on Friday. Oil prices surged to new highs and are still a major concern worldwide.
European markets closed in the red, with the FTSE leading the way, shedding 0.61%. US markets closed marginally higher; the Dow Jones gaining 0.11% and Nasdaq rising 0.27%.
The Far East is trading lower this morning; the Hang Seng by 1.22% and the Nikkei by 0.91%.
Local markets should have a quiet day after last week’s rally; but keep a sharp eye on the rand.
