Daily Financial Markets Report | Thursday, 22 May 2014

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

Highlights

 U.S. stocks rebounded on Wednesday from the previous day’s losses and ended the session with solid gains, led by advances in the consumer discretionary and energy sectors. European stock markets rose for the first time in three days on Wednesday after euro-zone consumer confidence data rose to the highest level in more than six years in May. Asia stocks closed mixed on Wednesday, with Japan down after the Bank of Japan kept its monetary policy on hold.

 Spot gold is currently trading at US$ 1 288.00/oz. and platinum at US$ 1 475.60/oz. Brent crude oil is currently trading at US$ 110.48 per barrel.

 The US dollar is currently trading at 1.36 to the euro, 1.68 to the pound and will buy 101.61 Japanese Yen or 10.38 South African Rand.

International markets

U.S. stocks rebounded on Wednesday from the previous day’s losses and ended the session with solid gains, led by advances in the consumer discretionary and energy sectors. European stock markets rose for the first time in three days on Wednesday after euro-zone consumer confidence data rose to the highest level in more than six years in May. Asia stocks closed mixed on Wednesday, with Japan down after the Bank of Japan kept its monetary policy on hold.

The S&P 500 index closed 15.20 points, or 0.8%, higher at 1 888.03. The Dow Jones Industrial Average gained 158.75 points, or 1%, to 16 533.06, the best percentage gain in 5 weeks. The Nasdaq Composite ended the day up 34.65 points, or 0.9%, at 4 131.54.

The Stoxx Europe 600 index rose 0.6% to close at 340.34, ending at the highest level in a week. The FTSE 100 index rose to close 0.3% higher at 6 821.04, while France’s CAC 40 index picked up 0.4% to 4 469.03. Germany’s DAX 30 index added 0.6% to 9 697.87.

The Nikkei Average settled 0.2% lower, and the Topix Index dropped 0.3%. The Shanghai Composite Index finished 0.8% higher, and Australia’s S&P/ASX 200 moved up 0.1%. Hong Kong’s benchmark Hang Seng Index was up a modest 1.8 points at 22 836.52.

The US dollar is currently trading at 1.36 to the euro, 1.68 to the pound and will buy 101.61 Japanese Yen or 10.38 South African Rand.

Domestic markets

The benchmark Top-40 index inched up 0.16% to 44 629.81, while the broader All-Share index edged up 0.06% to 49 648.12.

Commodities

Spot gold is currently trading at US$ 1 288.00/oz. and platinum at US$ 1 475.60/oz. Brent crude oil is currently trading at US$ 110.48 per barrel.

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