Monday, 9 April 2007

Lucky-7 for the Dow but only just - as the US 30 index finished in the black for the 7th day on the trot. With the FOMC Minutes due on Wednesday and the PPI figures out on Friday, traders were reluctant to bid the prices much higher today, although the Dow was showing a gain of +30 at one stage.

The "sell off" in the Crude Oil which was expected last week when Iran freed the British Sailors happened today when the price of each barrel fell below $62.00, more than $2.00 below its closing prices last Thursday.

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