Daily Financial Markets Report | Friday, 22 August 2014

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

Highlights

 U.S. stocks advanced Thursday, with the S&P 500 logging its fourth straight daily gain and closing at a record high. Reports on existing-home sales and manufacturing topped forecasts, and expectations of dovish notes in Friday’s speech from Federal Reserve Chairwoman Janet Yellen also boosted sentiment. Europe’s stock markets showed broad-based gains on Thursday as investors largely ignored a mixed bag of purchasing managers indexes from the region and instead used recent market weakness as a buying opportunity. Hong Kong stocks strengthened.

 Spot gold is currently trading at US$ 1 279.20/oz. and platinum at US$ 1 425.10/oz. Brent crude oil is currently trading at US$ 102.66 per barrel.

 The US dollar is currently trading at 1.32 to the euro, 1.65 to the pound and will buy 103.69 Japanese Yen or 10.69 South African Rand.

International markets

U.S. stocks advanced Thursday, with the S&P 500 logging its fourth straight daily gain and closing at a record high. Reports on existing-home sales and manufacturing topped forecasts, and expectations of dovish notes in Friday’s speech from Federal Reserve Chairwoman Janet Yellen also boosted sentiment. Europe’s stock markets showed broad-based gains on Thursday as investors largely ignored a mixed bag of purchasing managers indexes from the region and instead used recent market weakness as a buying opportunity. Hong Kong stocks strengthened.

The S&P 500 gained 5.86 points, or 0.3%, to finish at 1 992.37, topping its July 24 finish to set its 28th record close in 2014. The Dow Jones Industrial Average rose 60.36 points, or 0.4%, to 17 039.49, pushing back above the 17 000 level to log its highest close since July 24. The Nasdaq Composite rose 5.62 points, or 0.1%, to 4 532.10.

The Stoxx Europe 600 climbed 0.7% to end at 337.51, marking the highest closing level since late July. Germany’s DAX 30 index gained 0.9% to 9 401.53, while France’s CAC 40 index picked up 1.2% to 4 292.93. The U.K.’s FTSE 100 index added 0.3% to 6 777.66.

Hong Kong’s Hang Seng Index stock benchmark bounced back above the key 25 000 mark Friday morning, rising 0.3% to 25 075.83 after losing 0.7% in the previous session. Over on the Chinese mainland, the Shanghai Composite Index edged up 0.2%

The US dollar is currently trading at 1.32 to the euro, 1.65 to the pound and will buy 103.69 Japanese Yen or 10.69 South African Rand.

Domestic markets

The JSE Top-40 index ended 0.06% is lower at 46 283 and the broader All-share index hardly moved at 51 443.

Commodities

Spot gold is currently trading at US$ 1 279.20/oz. and platinum at US$ 1 425.10/oz. Brent crude oil is currently trading at US$ 102.66 per barrel.

1

Share Button