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 Global Trader Weekly House Views
  
 SOUTH AFRICAN MARKET OVERVIEW
The ALSI managed to erase all of its losses from yesterday, with a gain of 547 points to close at 20 485. Resources led the charge today with a gain of 4.11%, thanks to gains in all the major commodity stocks. Financials and Industrials were also on the front foot today with a gain of 2.49% and 2.36% respectively. The Rand was flat by the time local markets closed, trading at 7.74/$ while gold was trading at $937oz.
Source: Global Trader Equity Sales, 01 July 2009.

 

  
 INTERNATIONAL MARKET OVERVIEW
The Dow Jones front futures contract closed the day firmer, adding 52 points to close at 8446. International markets rallied on today after better than expected manufacturing data came out of the US, which saw US Stocks posting sizeable gains for the day. Brent oil closed the day weaker to close at $68.71/barrel down $0.59, whilst Gold reclaimed some of its glitter to trade at $927.30/ ounce by the close of trade in New York. The dollar traded weaker against most major currencies to close the day trading at 1.6473 to the Pound and 1.4145 to the Euro. Traders continue to seek a clearer picture on recovery prospects in the US, with unemployment figures in the US being released tomorrow could provide investors with a better picture of the US economy.
Source: Global Trader International Spreads, 01 July 2009.