Daily Financial Markets Report | Friday, 25 April 2014

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

Highlights

 The U.S. stock market finished Thursday’s volatile session generally higher as positive earnings and stronger-than-expected data outweighed worries over military escalation near Ukrainian border. European stock markets opened with solid gains on Thursday ahead of German business-confidence data and a speech by European Central Bank President Mario Draghi. Asian markets were mostly lower on Thursday, as Wall Street’s overnight slide weighed on regional sentiment.

 The Top-40 index ended up 0.58% at 43 900.89, after hitting a lifetime record of 44 048.53 in the session. The All-Share index, which hit a record high of 49 069.63 during the day, closed up 0.59% at 48 934.51.

 Spot gold is currently trading at US$ 1 290.50/oz. and platinum at US$ 1 412.50/oz. Brent crude oil is currently trading at US$ 110.28 per barrel.

International Markets

The U.S. stock market finished Thursday’s volatile session generally higher as positive earnings and stronger-than-expected data outweighed worries over military escalation near Ukrainian border. European stock markets opened with solid gains on Thursday ahead of German business-confidence data and a speech by European Central Bank President Mario Draghi. Asian markets were mostly lower on Thursday, as Wall Street’s overnight slide weighed on regional sentiment.

The S&P 500 ended the day 3.22 points, or 0.2%, higher at 1,878.61. The Dow Jones Industrial Average closed absolutely unchanged at 16,501.65. The Nasdaq Composite gained 21.37 points, or 0.5%, to 4,148.34.

The Stoxx Europe 600 index climbed 0.6% to 336.96, setting it on track for a 1.4% weekly advance. The U.K.’s FTSE 100 index rose 0.4% to 6,701.23, while Germany’s DAX 30 index gained 0.5% to 9,594.23. France’s CAC 40 index added 0.6% to 4,477.54.

Japan’s Nikkei Share Average fell 0.2%, while the yen was a touch lower against the dollar, . In China, Hong Kong’s Hang Seng was down 0.1% and the Shanghai Composite fell 0.3%.

Domestic markets

The Top-40 index ended up 0.58% at 43 900.89, after hitting a lifetime record of 44 048.53 in the session. The All-Share index, which hit a record high of 49 069.63 during the day, closed up 0.59% at 48 934.51.

Commodities

Spot gold is currently trading at US$ 1 290.50/oz. and platinum at US$ 1 412.50/oz. Brent crude oil is currently trading at US$ 110.28 per barrel.

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