Proactive Investors Australia
Proactive Investors is a leading financial and investor website and platform, dominating the "Small-Mid Cap" investor space with multiple investor "channels" and "touch-points."
Proactive Investors Australia is a part of the largest global financial investor network with offices in Australia, Europe, Asia and North America.
Dow Jones and NASDAQ ease slightly by the close, precious metals softer
Tuesday, February 07, 2012 by John Phillips
There are no strong leads for the ASX when it opens in a couple of hours, as global bourses were little changed overnight. Spot gold is steady at US$1720 an ounce.
The bears are unable to take the momentum away from the bulls of the U.S. bourses overnight, with both the Dow Jones and the NASDAQ reducing losses by the close.
In Australia though, all eyes will be on the RBA interest rate decision, with some economists suggesting another 25 basis point cut for the official rate, reducing it to 4%.
The Dow Jones closed off 17 points at 12,845, with the NASDAQ easing just three points to 2902, to sit around 11 year highs.
Precious metals are also little changed, with spot gold sitting at US$1720 an ounce and silver at US$33.60 an ounce.
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