Daily Financial Markets Report | 22 April 2014

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

Highlights

 U.S. stocks ended Monday with modest gains with the S&P 500 extending the winning streak to five days, the longest consecutive gains in six months. European stocks pulled lower Thursday, with investors assessing a crop of quarterly corporate updates and monitoring diplomatic talks in Geneva about the crisis in Ukraine. Asian shares were mixed Monday, with stocks in Tokyo rising again after a harsh selloff two weeks ago, as investors focus on upcoming earnings reports.

 The Top-40 index rose 0.47% to 43 446.52 and the All-share index was 0.46% higher at 48 362.22.

 Spot gold is currently trading at US$ 1 289.20/oz. and platinum at US$ 1 410.70/oz. Brent crude oil is currently trading at US$ 109.71 per barrel.

International Markets

U.S. stocks ended Monday with modest gains with the S&P 500 extending the winning streak to five days, the longest consecutive gains in six months. European stocks pulled lower Thursday, with investors assessing a crop of quarterly corporate updates and monitoring diplomatic talks in Geneva about the crisis in Ukraine. Asian shares were mixed Monday, with stocks in Tokyo rising again after a harsh selloff two weeks ago, as investors focus on upcoming earnings reports.

The S&P 500 ended the day 7.04 points, or 0.4%, higher at 1 871.89, rising for 5 straight sessions. The Dow Jones Industrial closed 40.71 points, or 0.3%, higher at 16 449.25. The Nasdaq Composite added 26.03 points, or 0.6%, to 4 121.55.

The Stoxx Europe 600 lost 0.2% to 330.18, led by a 5.6% drop in Remy Cointreau SA after the spirits maker warned of a decline in full-year operating profit. The U.K. FTSE 100 slipped 0.2% at 6 572.43, Germany’s DAX 30 fell 0.1% to 9,305.76, and France’s CAC 40 was fractionally lower at 4 403.41.

Japan’s Nikkei fell more than 7%, its biggest single-week drop in more than three years.

The yen strengthened in Asian trade, and the dollar lost hold of the ¥102 mark that helped spark the stock gains in the previous session

Domestic markets

The Top-40 index rose 0.47% to 43 446.52 and the All-share index was 0.46% higher at 48 362.22.

Commodities

Spot gold is currently trading at US$ 1 289.20/oz. and platinum at US$ 1 410.70/oz. Brent crude oil is currently trading at US$ 109.71 per barrel.

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