The decline in US bond yields late last week saw equities rebound, paring the losses incurred mid-week and finishing the fourth week of the second quarter roughly in line with where it started.
For the Friday session, the Dow Jones Industrial Average closed slightly lower (-0.05%), the S&P500 higher by 0.11%, while the NASDAQ ended the session flat (+0.02%).
In Europe, a weaker Euro helped lift the DAX by 0.64%, while weaker growth figures (GDP) saw the Pound taking further strain thereby helping the Pound Hegdes lift the FTSE100 by 1.09%. Locally, the JSE was closed for Freedom Day.
For today, traders should watch out for these high impact economic indicators. For more economic indicators, please view the Unum Economic Calendar here: http://www.unum.co.za/
In currencies, the South African Rand trades as follows:
USDZAR +0.04% to 12.32
GBPZAR +0.17% to 16.99
EURZAR +0.16% to 14.94
Gold trades at $1322, Platinum at $911 while Brent Crude Oil is at $73.49.
This morning, Asian equities are as follows:
Nikkei 225 (+0.66%)
Hang Seng (+1.59%)
Shanghai Composite (+0.23%)
Latam Markets closed as follows:
Merval 25 (+1.76%)
BHP Bil (-0.43%)
Rio Tinto (+0.20%)
Anglo American plc (+1.93%)
BHP Billiton plc (-0.10%)
Glencore plc (-0.28%)
Alibaba closed lower by 1.87%, while Tencent is higher by 0.93% in afternoon trade in Hong Kong.