Economic Indicators 24/7/12

 

International markets

Global markets fell Friday, as a mixed bag of corporate news and on-going debt problems in Europe increased risk aversion.

The Dow Jones industrial average dropped 121 points, or 0.9%, the S&P 500 dipped 14 points, or 1%, and the Nasdaq fell 41 points, or 1.4%.

European stocks also finished lower. Britain’s FTSE 100 slipped 1.1%, the DAX in Germany shed 1.8% and France’s CAC 40 fell 2%.

Asian markets are sharply lower today with shares in Hong Kong off the most. The Hang Seng is down 2.47% while Japan’s Nikkei 225 is off 1.41% and China’s Shanghai Composite is lower by 1.08%.

The US dollar is currently trading at 1.21 to the euro, 1.56 to the pound and will buy 78.07 Japanese Yen or 8.35 South African Rand.

Domestic markets

The JSE All Share Index shed 0.19% on Friday to close at 34225.42 points on the back of profit taking and continued concerns about the euro zone crisis.

The market was supported by gold mining, which gained 2.25%‚ while resources shed 0.19%, platinum shares lost 1.89% and banks weakened 0.94%. South African bonds continued to be strong on Friday on the back of foreign demand.

The R157 bond was trading at 5.340% from 5.450% at Thursday’s close and 5.755% at Wednesday’s close. The R207 was bid at 6.330% and offered at 6.315% from a previous close of 6.375% and the R186 was trading at 7.190% from its previous close of 7.240%.

Commodities

Spot gold is currently trading at US$ 1 575.60/oz. and platinum at US$ 1 396.75/oz. Brent crude oil is currently trading at US$ 105.16 per barrel.

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