Daily Financial Markets Report | Friday, 8 August 2014

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

Highlights

 The U.S. stock market ended Thursday’s session with modest losses, as investors moved out of riskier assets and into gold and U.S. Treasurys. The drop in stocks, while relatively modest, was global, with Asian and European markets also losing ground.

 Spot gold is currently trading at US$ 1 315.10/oz. and platinum at US$ 1 485.00/oz. Brent crude oil is currently trading at US$ 106.45 per barrel.

 The US dollar is currently trading at 1.33 to the euro, 1.68 to the pound and will buy 101.75 Japanese Yen or 10.79 South African Rand.

International markets

The U.S. stock market ended Thursday’s session with modest losses, as investors moved out of riskier assets and into gold and U.S. Treasurys. The drop in stocks, while relatively modest, was global, with Asian and European markets also losing ground.

The S&P 500 fell 10.67 points, or 0.6%, to 1 909.57. The benchmark index is now 3.9% off its July 24 record closed, after falling in 4 of the past 6 trading days. The Dow Jones Industrial Average fell 75.07 points, or 0.5%, to 16 368.27, its lowest close since April 25. The blue-chip index is 4.5% off its July 16 record close after falling in 9 of the past 12 trading days. The Nasdaq Composite fell 20.08 points, or 0.5%, at 4 334.97.

The Stoxx Europe 600 fell 0.7% to 326.96. In Frankfurt, the DAX 30 fell 1% to 9 038.97, and is now 10% lower than the all-time high the index hit on June 20. In Paris, the CAC 40 shed 1.4% to 4 419.83. The FTSE 100 index logged brief periods of minor gains, but ended down 0.6% at 6 597.37.

Japanese shares ended Friday’s morning session sharply lower, with the Nikkei Stock Average down 3% at the midday break. Hong Kong stocks followed the downward regional trend Friday morning, with the Hang Seng Index off 0.2%, falling for a third day. Over on the Chinese mainland, the Shanghai Composite Index traded flat, after tumbling 1.3% in the previous session.

The US dollar is currently trading at 1.33 to the euro, 1.68 to the pound and will buy 101.75 Japanese Yen or 10.79 South African Rand.

Domestic markets

The Top 40 blue-chip index fell 0.84% to 45 533 while the broader All-share index lost 0.82% to 50 674.

Commodities

Spot gold is currently trading at US$ 1 315.10/oz. and platinum at US$ 1 485.00/oz. Brent crude oil is currently trading at US$ 106.45 per barrel.

1

Share Button