Daily Financial Markets Report: Friday 17 January 2014

sacciDaily Financial Markets Report

Friday 17 January 2014

Highlights

  • U.S. stocks ended lower Thursday, snapping a two-day rally, after disappointing results from Best Buy Co. Inc., Citigroup Inc. and Goldman Sachs Group Inc. The Nasdaq Composite edged higher. After a four-day winning run, European stock markets retreated on Thursday as investors digested corporate earnings and followed the negative trading mood on Wall Street.In Asian markets, Hong Kong stocks dropped at the start of trading this morning, as mainland banks were under pressure on shadow banking worries. Stocks in Japan lost ground early, with a weaker lead from Wall Street as financial stocks declined, and as the U.S. dollar declined against the yen.
  • The US dollar is currently trading at 1.36 to the euro, 1.63 to the pound and will buy 104.36 Japanese Yen or 10.83 South African Rand.
  • Spot gold is currently trading at US$ 1 240.00/oz. and platinum at US$ 1 437.10/oz. Brent crude oil is currently trading at US$ $ 105.50 per barrel.

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