International markets were little changed on Friday night with no major index moving more than 0.5%.
In Europe the FTSE shed 20 points (-0.36%) to settle at 5911, whilst the CAC added just one point and the DAX shed 0.3%.
Stateside, the Dow Jones slipped three points to settle at 12978 whilst the S&P 500 shed 0.3% and the Nasdaq dropped 0.4%.
A New York manufacturing index rose from 536.5 to 543.1 in February while the weekly Economic Research Institute index rose from 123.2 to a near seven-month high of 124.2.
The Aussie dollar is holding firm around US$1.074 whilst on Friday night the euro fell against most of its major counterparts after a liquidity injection by the ECB failed to convince investors that the region’s crisis is abating.
Oil shed 1.9% to US$106.70 a barrel after Saudi Arabia confirmed that there had been no attacks on oil pipelines in the Kingdom. Reports of a pipeline explosion had pushed oil prices higher in the previous session.
Base metals were mixed; lead rose 1.0% and zinc rose 0.7% but other metals fell up to 1.1%.
Gold fell by 0.7% to US$1,709.80 an ounce. For the week bullion shed US$66.60 (-3.7%) an ounce.
Today’s session will bring us data in the form of the Melbourne Institute Inflation gauge (10:30am, AEDT), ANZ job advertisements and company operating profits (11:30am, AEDT).
Written by: marketpulse Other posts from: marketpulse
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