Economic Indicators 30/10/12

International markets

U.S. stocks on Friday finished with weekly losses after earnings reports did little to offset worry about the global economy. European stock markets ended slightly higher on Friday as resource stocks led a rebound from early weakness after U.S. growth data surprised on the upside. Asian stocks saw earlier gains fade this morning, with several key markets swinging to losses as investors gauged a slew of earnings, as well as new Hong Kong property taxes and a hurricane forcing the closure of U.S. markets.

Finishing with a weekly drop of 1.8%, the Dow Jones Industrial Average added 3.53 points to end at 13 107.21. Down 1.5% for the week, the S&P 500 index fell 1.03 point to 1 411.94, with financials falling the most and telecommunications the best performer among its 10 sectors. Down 0.6% from the week-ago finish, the Nasdaq Composite rose 1.83 point, or less than 0.1%, to 2 987.95, leaving it with its third consecutive weekly loss.

The Stoxx Europe 600 index went from a 0.3% loss to a gain of 0.1%, settling at 270.51. For the week, the index fell 1.3%. The French CAC 40 index stood out among individual country indexes, up 0.7% to 3 435.09. The FTSE 100 index ended marginally higher at 5 806.71. In Frankfurt, the DAX 30 index rose 0.4% to 7 231.85.

Hong Kong’s Hang Seng Index slipped 0.2% as property firms tumbled following the introduction of a special tax on housing purchases by offshore and corporate buyers, along with other measures to tamp down on prices. On the Chinese mainland, the Shanghai Composite Index traded down 0.1%. Japan’s Nikkei Stock Average moved back from gains to trade down 0.1%, while South Korea’s Kospi edged up 0.1%, and Australia’s S&P/ASX 200 index rose 0.4%.

The US dollar is currently trading at 1.29 to the euro, 1.60 to the pound and will buy 79.63 Japanese Yen or 8.64 South African Rand.

Domestic markets

The JSE All Share index was down 0.46% at 36 823.70 points‚ with the Top 40 dipping 0.48% to 32 648.60. Banks lost 1.06%‚ gold shares were down 1.01% and financials gave up 0.96%..

The benchmark R157 bond was trading at 5.480% from Thursday’s close of 5.465% and Wednesday’s close of 5.450%. The R207 was bid at 6.490% and offered at 6.480% from its previous close of 6.465%‚ and the R186 was trading at 7.770% from its previous close of 7.730%.

Commodities

Spot gold is currently trading at US$ 1 710.90/oz. and platinum at US$ 1 558.90/oz. Brent crude oil is currently trading at US$ 109.04 per barrel.

 

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