On Friday, S&P/ASX 200 ended the day higher by 43 points to 4,637.70. The index rose almost 1.5% for the month of February.

XJO Daily

There’s speculation that Copper prices will increase this week after the devastating earthquake in Chile. However, all the major copper mines, including Escondida have reported very little damage. The biggest issue facing the mines is the supply of electricity rather than major structural damage. Read more here.

The Dow Jones Industrial Average was up a tiny 4 points on Friday after a choppy trading session. The index closed at 10,325.26. Trading volumes were lighter than normal due to a snow storm in New York.

Over in the UK, the FTSE was up 76 points to 5,354.52. Banking stocks were up on the back of a slightly improved economic conditions in the UK.

The Nikkei was higher by 24 points, closing at 10,126.03.

The price of spot gold in Australian dollars is trading at $1,248.64 while in US Dollars it is trading at $1,117.70. The price of silver in Aussie dollars is $18.42 and in US Dollars it is $16.49.

The Aussie dollar versus the US dollar is USD$0.8965, against the Japanese Yen JPY79.63

Crude Oil was up 1.91% on Friday to USD$79.66. The price of Crude Oil has increased over 9% since February.

For the biggest movers on the market yesterday click here…

That’s all for this Monday, see you tomorrow.

Shae.