Daily Financial Markets Report | Wednesday, 21 May 2014

sacci

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

Highlights

 U.S. stocks ended Tuesday with broad-based losses after disappointing earnings weighed on investor sentiment. Selling intensified in the afternoon after comments from Philadelphia Fed President Charles Plosser, who said that Fed may need to act sooner rather than later should the economy accelerate. European stock markets showed mixed moves at the open on Tuesday as investors took in the latest round of corporate news and waited for U.K. inflation data. Asian stocks ended mixed on Tuesday, with Japan breaking a four-day losing streak.

 Spot gold is currently trading at US$ 1 294.50/oz. and platinum at US$ 1 473.10/oz. Brent crude oil is currently trading at US$ 109.74 per barrel.

 The US dollar is currently trading at 1.37 to the euro, 1.68 to the pound and will buy 101.20 Japanese Yen or 10.40 South African Rand.

International markets

U.S. stocks ended Tuesday with broad-based losses after disappointing earnings weighed on investor sentiment. Selling intensified in the afternoon after comments from Philadelphia Fed President Charles Plosser, who said that Fed may need to act sooner rather than later should the economy accelerate. European stock markets showed mixed moves at the open on Tuesday as investors took in the latest round of corporate news and waited for U.K. inflation data. Asian stocks ended mixed on Tuesday, with Japan breaking a four-day losing streak.

The S&P 500 closed 12.25 points, or 0.7%, lower at 1 872.83. The Dow Jones Industrial Average shed 137.55 points, or 0.8%, to 16 374.31. The Nasdaq Composite ended the day down 28.92 points, or 0.7%, at 4 096.89.

The Stoxx Europe 600 index rose 0.1% to 338.95, after closing with a 0.1% loss on Monday. The U.K.’s FTSE 100 index, slipped 0.1% to 6 838.86. France’s CAC 40 index fell 0.1% to 4 466.23 and Germany’s DAX 30 index rose 0.1% to 9 669.73.

Japanese stocks rebounded on strong U.S. cues after four days of losses, with the Nikkei Average up 0.5% and the Topix index up 0.3%. Meanwhile, Australia’s benchmark S&P/ASX 200 rose 0.2%.

The US dollar is currently trading at 1.37 to the euro, 1.68 to the pound and will buy 101.20 Japanese Yen or 10.40 South African Rand.

Domestic markets

The All-share index was up 0.42% to 49 715 points, while the Top 40-index gained 0.51% to 44 640. All the other indices were higher, except the Resources and Gold indices which were marginally lower despite a slightly weaker rand.

Commodities

Spot gold is currently trading at US$ 1 294.50/oz. and platinum at US$ 1 473.10/oz. Brent crude oil is currently trading at US$ 109.74 per barrel.

1

Share Button