Daily Financial Markets Report | Thursday, 4 September 2014

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

Highlights

 U.S. markets fell on lower tech stocks while European stocks climbed Wednesday on the prospect that Kiev and Moscow are moving toward a cease-fire deal for eastern Ukraine. Hong Kong stocks fell Thursday morning on mostly soft cues from the U.S

 Spot gold is currently trading at US$ 1 268.70/oz. and platinum at US$ 1 412.60/oz. Brent crude oil is currently trading at US$ 102.05 per barrel.

 The US dollar is currently trading at 1.31 to the euro, 1.64 to the pound and will buy 104.83 Japanese Yen or 10.68 South African Rand.

International markets

U.S. markets fell on lower tech stocks while European stocks climbed Wednesday on the prospect that Kiev and Moscow are moving toward a cease-fire deal for eastern Ukraine. Hong Kong stocks fell Thursday morning on mostly soft cues from the U.S

The S&P 500 closed 1.6 points, or 0.1% lower at 2 000.72. The Dow Jones Industrial Average clung to a modest gain and finished the day 10.72 points, or 0.1%, higher at 17 078.28. The Nasdaq Composite fell 25.62 points, or 0.6%, to 4 572.57.

The Stoxx Europe 600 index finished up 0.7% at 344.97, and Germany’s DAX gained 1.3% to 9 626.49. In Paris, the CAC 40 index rose 1% to 4 421.87, and in London, the FTSE 100 index advanced 0.7% to 6 873.58.

The Hang Seng Index dropped 0.3%. Over on the Chinese mainland, the Shanghai Composite Index inched up 0.1%.

The US dollar is currently trading at 1.31 to the euro, 1.64 to the pound and will buy 104.83 Japanese Yen or 10.68 South African Rand.

Domestic markets

The JSE Top-40 index gained 0.67% to 46 387 points and the broader All-share index added 0.64% to 51 793 points.

Commodities

Spot gold is currently trading at US$ 1 268.70/oz. and platinum at US$ 1 412.60/oz. Brent crude oil is currently trading at US$ 102.05 per barrel.

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