Daily Financial Markets Report: Friday, 14 February 2014

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

Highlights

 U.S. stocks closed higher on Thursday as investors focused on upbeat earnings and deal news and shrugged off weak economic data. Europe’s benchmark stock index moved lower on Thursday, breaking the longest winning streak of the year. Hong Kong stocks trimmed earlier gains Friday after China reported a slightly faster-than-expected consumer inflation of 2.5% in January. Japanese stocks scaled higher at the start of trading Friday, lifted after U.S. stocks gained on upbeat corporate earnings and deal developments.

 Spot gold is currently trading at US$ 1 306.30/oz. and platinum at US$ 1 414.00/oz. Brent crude oil is currently trading at US$ 108.73 per barrel.

 The US dollar is currently trading at 1.36 to the euro, 1.66 to the pound and will buy 93.59 Japanese Yen or 10.96 South African Rand.

International markets

U.S. stocks closed higher on Thursday as investors focused on upbeat earnings and deal news and shrugged off weak economic data. The Nasdaq Composite rose for the sixth consecutive session, its longest winning streak in two months. Europe’s benchmark stock index moved lower on Thursday, breaking the longest winning streak of the year, as investors digested the latest round of earnings reports and disappointing data from the U.S. Hong Kong stocks trimmed earlier gains Friday after China reported a slightly faster-than-expected consumer inflation of 2.5% in January. Japanese stocks scaled higher at the start of trading Friday, lifted after U.S. stocks gained on upbeat corporate earnings and deal developments.

The S&P 500 closed 10.57 points, or 0.6%, higher at 1 829.83, with all 10 main sectors gaining. The Dow Jones Industrial Average added 63.65 points, or 0.4%, to 16 027.59. The Nasdaq Composite rose 39.38 points, or 0.9%, to 4 240.67.

The Stoxx Europe 600 index dropped 0.2% to end at 331.48, after closing higher for a sixth-straight day on Wednesday. In the rest Europe, indexes were mixed. The U.K.’s FTSE 100 index dropped 0.2% to 6 659.42, while France’s CAC 40 index gained 0.2% to 4 312.80, and Germany’s DAX 30 index climbed 0.6% to 9 596.77.

The Hang Seng Index rose 0.5% to 22 308.39, after trading as much as 1% higher in the open. The Nikkei Stock Average rose 0.8% to 14 644.42, and the broader Topix picked up 0.7% to 1 207.46, with the local equity market also helped by slight recovery in the U.S. dollar against the yen following soft U.S.

The US dollar is currently trading at 1.36 to the euro, 1.66 to the pound and will buy 93.59 Japanese Yen or 10.96 South African Rand.

Domestic markets

The Top-40 index shed 0.28% to 41 730.09 while the All-share lost 0.37% to 46 251.77.

Commodities

Spot gold is currently trading at US$ 1 306.30/oz. and platinum at US$ 1 414.00/oz. Brent crude oil is currently trading at US$ 108.73 per barrel.

1

Share Button