Daily Financial Markets Report | Tuesday, 9 September 2014

new-web-logoDaily Financial Markets Report sources information from Business Day, Reuters, JSE Ltd and others.

Highlights

 U.S. stocks ended lower on Monday as investors turned cautious after five straight weeks of gains that sent the main benchmarks to record highs. European stock markets pulled back Monday after four straight weekly gains, as a poll over the weekend put the pro-Scottish-independence camp in the lead for the first time, spooking investors. Australia’s stocks struggled higher Tuesday morning. Hong Kong markets were closed.

 Spot gold is currently trading at US$ 1 252.70/oz. and platinum at US$ 1 397.60/oz. Brent crude oil is currently trading at US$ 100.07 per barrel.

 The US dollar is currently trading at 1.28 to the euro, 1.60 to the pound and will buy 106.23 Japanese Yen or 10.82 South African Rand.

International markets

U.S. stocks ended lower on Monday as investors turned cautious after five straight weeks of gains that sent the main benchmarks to record highs. European stock markets pulled back Monday after four straight weekly gains, as a poll over the weekend put the pro-Scottish-independence camp in the lead for the first time, spooking investors. Australia’s stocks struggled higher Tuesday morning. Hong Kong markets were closed.

The S&P 500 lost 6.2 points, or 0.3%, to end at 2 001.54, with the energy sector leading the losses. The Dow Jones Industrial Average dropped 25.9 points, or 0.2%, to 17 111.42. The Nasdaq Composite defied the general trend and finished the session 9.4 points, or 0.2%, higher at 4 592.29.

The FTSE 100 index dropped 0.3% to 6 834.77. Elsewhere in Europe, the Stoxx Europe 600 index lost 0.4% to close at 346.09 after posting a 1.6% gain last week to bring the increase over its streak of four weekly gains to 7%. France’s CAC 40 index gave up 0.3% to 4 474.93. Germany’s DAX 30 index fared relatively better, rising 0.1% to 9 758.03

The S&P/ASX 200 moved from flat trade in the early minutes to a sport a 0.3% gain about half an hour into the session

The US dollar is currently trading at 1.28 to the euro, 1.60 to the pound and will buy 106.23 Japanese Yen or 10.82 South African Rand.

Domestic markets

The All-share index was only 0.11% higher at 51 848 points, while the Top 40 index gained 0.09% to 46 429 points.

Commodities

Spot gold is currently trading at US$ 1 252.70/oz. and platinum at US$ 1 397.60/oz. Brent crude oil is currently trading at US$ 100.07 per barrel.

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