Economic Indicators 25/11/11

Market Indicators

Highlights

  • U.S. and European stock indexes lost ground yesterday after poorly received German debt sale again pushed up European bond yields and a publication of weak Chinese manufacturing data increased fears of a slowing Chinese economy. Asian equity markets swung repeatedly between small gains and losses this morning, although Japanese shares took a sizeable drop as investors returning from a holiday caught up on European and global developments.
  • The US dollar is currently trading at 1.33 to the euro, 1.55 to the pound and will buy 76.92 Japanese Yen or 8.56 South African Rand.
  • Spot gold is currently trading at US$ 1 690.10/oz. and platinum at US$ 1 547.60/oz. Brent crude oil is currently trading at US$ 107.02 per barrel.

International markets

U.S. and European stock indexes lost ground yesterday after poorly received German debt sale again pushed up European bond yields and a publication of weak Chinese manufacturing data increased fears of a slowing Chinese economy. Asian equity markets swung repeatedly between small gains and losses this morning, although Japanese shares took a sizeable drop as investors returning from a holiday caught up on European and global developments.

The Dow Jones Industrial Average fell 236.17 points, or 2.1 per cent, to 11 257.55. In its longest losing streak since a seven-session drought that ended Aug. 2, the S&P 500 Index lost 26.25 points, or 2.2 per cent, to 1 161.79, with energy hardest hit among its 10 industry groups. The Nasdaq Composite declined 61.20 points, or 2.4 per cent, to 2 460.08.

The Stoxx Europe 600 index fell 1.3% to 220.31. The German DAX 30 index fell 1.4 per cent to 5 457.77. The U.K.’s FTSE 100 index fell 1.3 per cent to 5 139.78 and France’s CAC 40 index fell 1.7 per cent to 2 822.43.
Japan’s Nikkei Stock Average ended with a 1.8 per cent loss after missing steep losses on other Asian markets this morning. Hong Kong’s Hang Seng Index was down 0.2 per cent, South Korea’s Kospi up 0.7 per cent, Australia’s S&P/ASX 200 index slipped 0.2 per cent and the Shanghai Composite Index edged down 0.1 per cent.

The US dollar is currently trading at 1.33 to the euro, 1.55 to the pound and will buy 76.92 Japanese Yen or 8.56 South African Rand.

Domestic markets

The JSE ended the day in the red following US markets lower.

The All share index declined 1.32 per cent to 30 956.19 points. Platinums dropped 2.46 per cent, gold shares dwindled 1.92 per cent, and resources weakened 1.88 per cent. Industrials surrendered 1.06 per cent, financials shed 0.76 per cent, and banks moved down 0.47 per cent.

By close of day, the benchmark R157 bond was trading at 7.000 per cent from its previous close of 6.900 per cent. The R207 was trading at 8.190 per cent from a previous close of 8.150 per cent and the R186 was trading at 8.660 per cent from its close of 8.610 per cent.

Commodities

Spot gold is currently trading at US$ 1 690.10/oz. and platinum at US$ 1 547.60/oz. Brent crude oil is currently trading at US$ 107.02 per barrel.

Share Button