Economic Indicators 18/9/12

 

 

 

International markets

U.S. stocks on Friday sealed a second weekly rise, still basking in the aftermath of central- bank moves. Stocks have been climbing for much of the recent summer, rallying around 4% in the last two weeks. European stocks closed at a 15-month high on Friday, as investors cheered the U.S. Federal Reserve’s decision a day earlier to launch a third round of quantitative easing in an effort spur economic growth. Asia markets mostly fell this morning, with property firms pressured in Chinese trading in the wake of recent measures to cool real estate prices, while exporters declined in South Korea amid a stronger won.

Up for an eighth week in 10, the Dow Jones Industrial Average rose 53.51 points, or 0.4%, to 13 593.37, gaining 2.2% from last week’s close. The S&P 500 added 5.78 points, or 0.4%, to 1 465.77, rising 1.9% on the week. The Nasdaq Composite advanced 28.12 points, or 0.9%, to 3 183.95, posting a 1.5% weekly rise.

The Stoxx Europe 600 index jumped 1.3% to 275.95, and closed out the week with a 1.3% gain. The FTSE 100 index increased 1.6% to 5 915.55. On the week, the London index gained 2.1%. In France, the CAC 40 index jumped 2.3% to 3 581.58. The DAX 30 index lifted 1.4% to 7 412.13.

China’s Shanghai Composite sank 1.3%, South Korea’s Kospi fell 0.4% and Hong Kong’s Hang Seng Index was little changed. Australia’s S&P/ASX 200 Index managed a 0.3% gain. Japanese markets were closed for a holiday.

The US dollar is currently trading at 1.31 to the euro, 1.62 to the pound and will buy 78.31 Japanese Yen or 8.23 South African Rand.

 

Domestic markets

The JSE set new closing records on the all-share‚ top-40 and industrial indices‚ benefiting from the US central bank policy action to stimulate the world’s largest economy. The JSE all- share index had rallied 1.85% to 36 550.08 points‚ with the top-40 index up 2.14%. Resources soared 5.39%‚ gold miners jumped 4.59%‚ platinum shares lifted 3.38% and industrials garnered 0.56%. Banks bucked the trend and were down 2.13%.

The benchmark R157 bond was trading at 5.530% from 5.480% at Thursday’s close. The R207 was bid at 6.590% and offered at 6.570% from Thursday’s close of 6.490%‚ and the R186 was trading at 7.560% from 7.430% at its previous close.

 

Commodities

Spot gold is currently trading at US$ 1 774.00/oz. and platinum at US$ 1 712.20/oz. Brent crude oil is currently trading at US$ 116.66 per barrel.

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