Daily Financial Markets Report | Monday, 12 May 2014

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

Highlights

 U.S. stocks ended a volatile week on a positive note, with the Dow Jones Industrial Average notching a record close while the Nasdaq Composite posted its biggest weekly fall in four weeks as investors continued to dump tech shares and small-cap stocks. European stock markets declined on Friday after a string of disappointing corporate updates, falling from a six-year high reached the prior day when European Central Bank President Mario Draghi hinted at a rate cut next month. Asian stocks rose on Friday, bolstered by positive Chinese trade data

 The All Share index was up 0.17% to 49 026.95, while the benchmark Top-40 index was up 0.12% to 43 900.72.

 Spot gold is currently trading at US$ 1 291.10/oz. and platinum at US$ 1 430.10/oz. Brent crude oil is currently trading at US$ 108.24 per barrel.

International Markets

U.S. stocks ended a volatile week on a positive note, with the Dow Jones Industrial Average notching a record close while the Nasdaq Composite posted its biggest weekly fall in four weeks as investors continued to dump tech shares and small-cap stocks. European stock markets declined on Friday after a string of disappointing corporate updates, falling from a six-year high reached the prior day when European Central Bank President Mario Draghi hinted at a rate cut next month. Asian stocks rose on Friday, bolstered by positive Chinese trade data

The S&P 500 rose 2.85 points, or 0.2%, to 1 878.48, trimming its weekly decline to 0.1%. The Dow Jones Industrial Average ended a choppy session up 32.37 points, or 0.2%, at 16 583.34, eclipsing the previous record close of 16,580.84 set on April 30. The NASDAQ Composite advanced 20.37 points, or 0.5%, to end at 4 071.87, which still left the index with a 1.3% weekly decline.

The Stoxx Europe 600 index fell 0.3% to close at 338.54, after ending with a 1.1% gain on Thursday. The U.K.’s FTSE 100 index gave up 0.4% to 6 814.57, ending the week 0.1% lower. Germany’s DAX 30 gave up 0.3% to 9 581.45 after a set of disappointing trade data. France’s CAC 40 fell 0.7% to 4 477.28, trimming its weekly advance to 0.4%.

The Nikkei Average ending up 0.9%. Hong Kong’s Hang Seng Index finished 0.4% higher.

Domestic markets

The All Share index was up 0.17% to 49 026.95, while the benchmark Top-40 index was up 0.12% to 43 900.72.

Commodities

Spot gold is currently trading at US$ 1 291.10/oz. and platinum at US$ 1 430.10/oz. Brent crude oil is currently trading at US$ 108.24 per barrel.

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