Daily Financial Markets Report | Friday, 12 September 2014

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

Highlights

 Marginal gains on Wall Street were led by small-cap stocks on Thursday. Trading was choppy, as an unexpected increase in weekly jobless claims and falling commodities prices encouraged investors to remain cautious. The main benchmarks finished in positive territory after trading in a tight range and spending much of the session in the red. Russian stocks posted the biggest losses in Europe on Thursday after the European Union agreed to levy new sanctions against Moscow starting Friday. The rest of Europe also headed lower, with the benchmark index in the red for its fifth straight day. Hong Kong stocks looked poised to fall on Friday for a six day in a row

 Spot gold is currently trading at US$ 1 237.40/oz. and platinum at US$ 1 361.30/oz. Brent crude oil is currently trading at US$ 97.96 per barrel.

 The US dollar is currently trading at 1.29 to the euro, 1.62 to the pound and will buy 107.22 Japanese Yen or 11.00 South African Rand.

International markets

Marginal gains on Wall Street were led by small-cap stocks on Thursday. Trading was choppy, as an unexpected increase in weekly jobless claims and falling commodities prices encouraged investors to remain cautious. The main benchmarks finished in positive territory after trading in a tight range and spending much of the session in the red. Russian stocks posted the biggest losses in Europe on Thursday after the European Union agreed to levy new sanctions against Moscow starting Friday. The rest of Europe also headed lower, with the benchmark index in the red for its fifth straight day. Hong Kong stocks looked poised to fall on Friday for a six day in a row

The S&P 500 ended 1.8 points, or 0.1%, higher at 1 997.45, as utilities and telecoms led the gains. The Dow Jones Industrial Average closed down 19.71 points, or 0.1%, to 17 049.00. The Nasdaq Composite tacked on 5.3 points, or 0.1%, to 4 591.81.

More broadly in Europe, the Stoxx Europe 600 index fell 0.1% to close at 344.27. France’s CAC 40 index lost 0.2% to 4 440.90, while Germany’s DAX 30 index dropped 0.1% to 9 691.28. The U.K.’s FTSE 100 index lost 0.5% to 6 799.62.

The Hang Seng Index declined 0.7%. Over on the Chinese mainland, the Shanghai Composite Index inched 0.1% lower.

The US dollar is currently trading at 1.29 to the euro, 1.62 to the pound and will buy 107.22 Japanese Yen or 11.00 South African Rand.

Domestic markets

The benchmark Top-40 index fell 0.1% to 45 830. The broad All-Share index declined 0.06% to 51 230.

Commodities

Spot gold is currently trading at US$ 1 237.40/oz. and platinum at US$ 1 361.30/oz. Brent crude oil is currently trading at US$ 97.96 per barrel.

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