Daily Financial Markets Report: Monday, 3 February 2014

sacciDaily Financial Markets Report sources information from Business Day, Reuters, JSE Ltd and others.

Highlights

 U.S. stocks ended the week and the month with deep losses following a selloff on Friday, which was prompted by disappointing earnings, renewed fears over deflation in the euro zone and a continuing rout in emerging markets. European stock markets ended January with their worst monthly loss since June on Friday, after an unexpected drop in euro-zone inflation added to fears of deflation in the region. Tokyo shares fell while Australia’s market was flat in early Monday trading as investors’ apathy during the Lunar New Year holiday kept trading subdued.

 Spot gold is currently trading at US$ 1 245.70/oz. and platinum at US$ 1 387.80/oz. Brent crude oil is currently trading at US$ 106.40 per barrel.

 The US dollar is currently trading at 1.34 to the euro, 1.62 to the pound and will buy 102.18 Japanese Yen or 11.12 South African Rand.

International markets

U.S. stocks ended the week and the month with deep losses following a selloff on Friday, which was prompted by disappointing earnings, renewed fears over deflation in the euro zone and a continuing rout in emerging markets. European stock markets ended January with their worst monthly loss since June on Friday, after an unexpected drop in euro-zone inflation added to fears of deflation in the region. Tokyo shares fell while Australia’s market was flat in early Monday trading as investors’ apathy during the Lunar New Year holiday kept trading subdued.

The S&P 500 ended the session 11.60 points, or 0.7%, at 1 782.59, and recorded its third weekly decline in a row. The benchmark index lost 0.4% over the week and 3.6% over the month. The Dow Jones Industrial Average closed 149.76 points, or 0.9%, lower at 15 698.85. The Nasdaq Composite lost 19.25 points, or 0.5%, to 4 103.88. The tech-heavy index is down 0.6% over the week, its second-straight week of declines and 1.7% lower over the month.

The Stoxx Europe 600 index dropped 0.3% to end at 322.52, closing 0.7% lower on the week and losing 1.8% on the month. Among country-specific indexes, the U.K.’s FTSE 100 index lost 0.4% to 6 510.44, ending the week 2.3% lower and closing out the month 3.5% lower. France’s CAC 40 index gave up 0.3% to 4 165.72. For the week, the benchmark gained 0.1%, but lost 3% in January. Germany’s DAX 30 index dropped 0.7% to 9,306.48 on Friday and fell 0.9% for the week and 2.6% for the month.

The benchmark Nikkei Stock Average was down 1.2% in morning trading, and Australia’s S&P/ASX 200 was flat at 5192.2.

The US dollar is currently trading at 1.34 to the euro, 1.62 to the pound and will buy 102.18 Japanese Yen or 11.12 South African Rand.

Domestic markets

The Top-40 index closed 0.25% lower at 40 586.73 while the wider All-share index edged down 0.1% at 45 132.10

Commodities

Spot gold is currently trading at US$ 1 245.70/oz. and platinum at US$ 1 387.80/oz. Brent crude oil is currently trading at US$ 106.40 per barrel.

Indicator

Latest quote

Interday change

5 Day Change

03 February 2014

 

 

 

JSE all share index

45 132.10

-0.10%

-1.35%

Dow Jones index

15 698.85

-0.94%

-0.88%

S&P 500 index

1 782.59

-0.67%

0.06%

FTSE 100 index

6 510.44

-0.43%

-0.61%

R/USD

11.12

0.27%

-0.99%

R/Euro

15.00

0.73%

0.40%

Gold USD/oz.

1 245.70

-1.40%

-1.42%

Brent-crude oil USD/barrel

106.40

-1.40%

-0.27%

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