Economic Indicators 27/10/11

Economic Indicators

COMMENTS

Bullish Commodities
Rand remains vulnerable

HIGHLIGHTS

  • Global markets ended mixed yesterday as investors grew optimistic about European leaders’ ability to contain the region’s debt crisis, taking hope from the possibility of Chinese investment in the euro-zone bailout fund.
  • The US dollar is currently trading at 1.39 to the euro, 1.60 to the pound and will buy 75.89 Japanese Yen or 7.86 South African Rand.
  • Spot gold is currently trading at US$ 1720.53/oz and platinum at US$ 1595.75/oz. Brent crude oil is currently trading at US$ 110.53 per barrel.

 

Daily Financial Markets Report sources information from Business Day, Reuters, JSE Ltd and others.

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