The S&P/ASX 200 finished the day higher by 40 points closing to 4,554.30. The Reserve Bank of Australia (RBA) release the credit and debit card spending for December today.

The Dow Jones Industrial Average had another night of gains. The Dow ended higher by 1.05% closing to 10,144.19.

David Hefty, Chief executive of Cornerstone Wealth Management said he is still concerned for the stock market. He said that the market “could go up on a resolution from Europe” however he later added that the markets problems still won’t go away.

Mr. Hefty noted that Greece isn’t the only country overloaded with a heavy debt load, as America still has high unemployment and mortgage defaults continue to plague the markets. Find out more about the American market here.

Overnight in the UK, the FTSE closed up 29 points, ending the day at 5,161.48. All the major banks were down on the ongoing Greece debt saga. The EU has decided to help the country but the exactly how remains a mystery. Read more here.

The Japanese markets were closed yesterday to celebrate their National Foundation Day.

Gold was up over USD$18 an ounce overnight. Simon Weeks, head of precious metals at the Bank of Nova Scotia said that “Gold benefited from dears over the outlook for paper currencies”.

The price of spot gold in Australian dollars is trading at $1,229.45 while in US Dollars it is trading at $1,094.70. The price of silver in Aussie dollars is $17.57and in US Dollars it is $15.64.

The Aussie dollar versus the US dollar is trading at USD$0.8908, and against the Japanese Yen JPY79.91

Crude Oil rose 1.06% overnight, closing at USD$75.27.

For the biggest movers on the market yesterday click here…

That’s it for today, have a great weekend.

Shae.