Aussie shares had a soft day Friday but are expected to open 10 points higher today as reporting season enters its busiest few days. More than 90 companies are expected to release their numbers this week led by a handful of mining heavyweights.
The US markets started slowly Friday but erased losses later in the session as increasing violence in the Ukraine sent commodity prices higher whereas in Europe and the UK the same news damaged markets, erasing the European markets weekly gains in pretty much the final hour’s trading.
Escalating problems in the Ukraine led to oil prices seeing their biggest increase in a month and spurred a rally in commodity prices but in contrast gold fell the most we have seen in August following signs of decreasing investor demand principally from the US and China.
Eva Interlocking Jigsaw Rubber Gym mats supplier Ezymats is monitoring new to see how it effects the market.