Daily Financial Markets Report | Thursday, 14 August 2014

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

Highlights

 The U.S. stock market closed with modest gains on Wednesday, led by advances in the health-care and technology sectors. Some upbeat corporate earnings Wednesday helped European markets shrug off lackluster economic figures out of Asia as well as fears that the crisis in Ukraine could knock the European recovery off track. Hong Kong’s stock market struggled to keep its head above water Thursday morning

 Spot gold is currently trading at US$ 1 310.50/oz. and platinum at US$ 1 472.50/oz. Brent crude oil is currently trading at US$ 104.28 per barrel.

 The US dollar is currently trading at 1.33 to the euro, 1.66 to the pound and will buy 102.60 Japanese Yen or 10.59 South African Rand.

International markets

The U.S. stock market closed with modest gains on Wednesday, led by advances in the health-care and technology sectors. Some upbeat corporate earnings Wednesday helped European markets shrug off lackluster economic figures out of Asia as well as fears that the crisis in Ukraine could knock the European recovery off track. Hong Kong’s stock market struggled to keep its head above water Thursday morning

The Nasdaq Composite added 44.87 points, or 1%, to 4 434.13. The Dow Jones Industrial Average added 91.26 points, or 0.6%, to 16 651.80. The S&P 500 climbed 12.97 points, or 0.7%, to 1 946.72

The FTSE 100 Index gained 0.37% to 6 656.68. The German DAX climbed 1.43% to 9 198.88 and the French CAC 40 Index increased by 0.78% to 4 194.79.

The Hang Seng Index traded down less than 0.1% after a brief opening rise. Meanwhile, over on the Chinese mainland, the Shanghai Composite Index pulled back 0.3%

The US dollar is currently trading at 1.33 to the euro, 1.66 to the pound and will buy 102.60 Japanese Yen or 10.59 South African Rand.

Domestic markets

The benchmark Top-40 index closed down 0.38% at 46 114 while the wider All-share index dipped 0.35% to 51 266.

Commodities

Spot gold is currently trading at US$ 1 310.50/oz. and platinum at US$ 1 472.50/oz. Brent crude oil is currently trading at US$ 104.28 per barrel.

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