Daily Financial Markets Report | Thursday, 15 May 2014

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

Highlights

 The U.S. stock market closed broadly lower on Wednesday, as investors turned cautious amid a selloff of small and high-growth companies. European stocks slipped Wednesday, with a pullback in shares of broadcaster Mediaset SpA weighing on the benchmark index after it reached a six-year high. Asia stocks were mostly higher on Tuesday, tracking overnight gains in the U.S., while Shanghai markets slipped as China’s April economic data slightly missed expectations.

 The JSE Top-40 index gained 1% to a record close of 44 526.20 and the broader All-share index was up 0.88 to 49 632.23, pulling back slightly from a record 49 668.46 set earlier.

 Spot gold is currently trading at US$ 1 305.70oz. and Platinum at US$ 1 475.40/oz. Brent crude oil is currently trading at US$ 110.15 per barrel

International Markets

The U.S. stock market closed broadly lower on Wednesday, as investors turned cautious amid a selloff of small and high-growth companies. European stocks slipped Wednesday, with a pullback in shares of broadcaster Mediaset SpA weighing on the benchmark index after it reached a six-year high. Asia stocks were mostly higher on Tuesday, tracking overnight gains in the U.S., while Shanghai markets slipped as China’s April economic data slightly missed expectations.

The S&P 500 finished 8.92 points, or 0.5% lower at 1 888.53. The Dow Jones Industrial Average broke its five-day winning streak and closed 101.47 points, or 0.6%, lower at 16 613.97. The NASDAQ Composite ended the day down 29.54 points, or 0.7%, at 4 100.63.

The Stoxx Europe 600 index gave up 0.1% to end at 341.59. The U.K.’s FTSE 100 index shook off losses by the close, rising 0.1% to 6,878.49. Germany’s DAX 30 index ended down less than 1 point at 9,754.39 after Tuesday’s close at a record high. France’s CAC 40 index fell 0.1% to 4,501.04.

The Japan Nikkei Average closing up 2%, finishing 1.8% higher. The Hong Kong’s Hang Seng Index logged a gain of 0.4% at the close.

Domestic markets

The JSE Top-40 index gained 1% to a record close of 44 526.20 and the broader All-share index was up 0.88 to 49 632.23, pulling back slightly from a record 49 668.46 set earlier.

Commodities

Spot gold is currently trading at US$ 1 305.70oz. and Platinum at US$ 1 475.40/oz. Brent crude oil is currently trading at US$ 110.15 per barrel

1

Share Button