Morning Report 16 Jan 2015: SNB damage and tech weakness hit the DOW •US sharemarkets remained volatile on Thursday. •Investors digested the Swiss currency change, movements in oil prices, earnings announcements and economic data. • At the close of trade the Dow Jones was lower by 106 points (219 point trading range). •Swiss national bank scrapped pegging the Swiss Franc against the Euro •Swiss Franc/US Dollar up 1.1538 •Euro stoxx up 68pts •Citigroup Inc down -3.71% •Apple Inc. down -2.71% •Newmont Mining up 8.86% •Gold price up US$25/ounce to US$1,259/ounce •Oil price down around 4.5% to US$46.30/barrel •Australian market set for 21pts slide at the start of trade •Australian $ at 0.8224 US cents Source: https://youtube/watch?v=e4FR9P3n-vI Disclaimer: *Justin McMillan is an Authorized Representative of RI Advice Group Pty Limited (ABN 23 001 774 125), Australian Financial Services License 238429. This editorial does not consider your personal circumstances and is general advice only. You should not act on the information provided without first obtaining professional financial advice specific to your circumstances. The taxation information contained in this editorial is provided as a guide only and should not be relied upon. You should seek independent tax advice from a qualified tax adviser.
Posted on: Fri, 16 Jan 2015 00:30:29 +0000
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