Daily Financial Markets Report | Friday, 16 May 2014

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

Highlights

 The U.S. stock market had its worst day in five weeks Thursday, as investors turned risk-averse amid concerns of stalling growth in the euro zone and mixed domestic economic data, including reports on housing and industrial production. European stocks fell Thursday after disappointing economic data underscored concerns about stalling growth. Asian stocks ended mixed on Thursday, with Japanese markets falling on a stronger yen and Hong Kong up for the sixth straight day, this time led by technology shares.

 The Top 40 index, which hit a record high of 44 820.05 in the session, closed down 0.31% at 44 388.19. The All-share index shed 0.36% to 49 454.59 after touching an all-time high of 49 885.84.

 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 had its worst day in five weeks Thursday, as investors turned risk-averse amid concerns of stalling growth in the euro zone and mixed domestic economic data, including reports on housing and industrial production. European stocks fell Thursday after disappointing economic data underscored concerns about stalling growth. Asian stocks ended mixed on Thursday, with Japanese markets falling on a stronger yen and Hong Kong up for the sixth straight day, this time led by technology shares.

The S&P 500 fell 17.68 points, or 0.9%, to 1 870.85. The Dow Jones Industrial Average dropped more than 200 points at one point and closed off session lows, down 167.16 points, or 1%, to 16 446.81. The NASDAQ Composite ended the day down 31.33 points, or 0.8%, at 4 069.29.

The Stoxx Europe 600 index lost 0.9% to end at 338.50, dropping alongside U.S. stocks following a string of U.S. economic data. France’s CAC 40 index closed 1.3% lower at 4,444.93, while Germany’s DAX 30 index gave up 1% at 9,656.05. The U.K.’s FTSE 100 index reversed course and fell 0.6% to 6,840.89.

Japan’s Nikkei Average closed down 0.8%. . The Hang Seng Index advanced 0.7%.

Domestic markets

The Top 40 index, which hit a record high of 44 820.05 in the session, closed down 0.31% at 44 388.19. The All-share index shed 0.36% to 49 454.59 after touching an all-time high of 49 885.84.

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