We are looking at a fairly tame opening this morning, there were no substantive leads from overseas through the weekend, and given the relatively flat nature of the offshore markets, it would appear that any movements on the open will be stock specific.
There is no particularly noteworthy economic news due today, however everyone will be keeping an eye on the dispute between Japan and China, as this certainly has the potential to develop into an event that could disrupt markets worldwide.
Should the trouble persist, I would expect to see rises in the prices of Rare Earths producers, particularly those who are unaffected by the dispute. We may also see an increase in capital flows into Gold.
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