Daily Financial Markets Report | Tuesday, 30 September 2014

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

Highlights

 U.S. stocks recovered from early morning selling bout, but still finished lower on Monday, as investor confidence was hit by violent unrest in Hong Kong and a brief spike in the dollar. European stocks dropped Monday due to the Hong Kong unrest and additional downbeat data for the eurozone ahead of the European Central Bank’s meeting this week also weighed on investor sentiment. Hong Kong stocks widened losses Tuesday morning, after HSBC revised down the final read on its Chinese manufacturing data for September.

 Spot gold is currently trading at US$ 1 216.10/oz. and platinum at US$ 1 311.50/oz. Brent crude oil is currently trading at US$ 97.26 per barrel.

 The US dollar is currently trading at 1.26 to the euro, 1.62 to the pound and will buy 109.37 Japanese Yen or 11.26 South African Rand.

International markets

U.S. stocks recovered from early morning selling bout, but still finished lower on Monday, as investor confidence was hit by violent unrest in Hong Kong and a brief spike in the dollar. European stocks dropped Monday due to the Hong Kong unrest and additional downbeat data for the eurozone ahead of the European Central Bank’s meeting this week also weighed on investor sentiment. Hong Kong stocks widened losses Tuesday morning, after HSBC revised down the final read on its Chinese manufacturing data for September.

The S&P 500 closed down 5 points, or 0.3%, to 1 977.80, with energy and materials leading the losses. The Dow Jones Industrial Average dropped 41.93 points, or 0.3%, to 17 071.22. The Nasdaq Composite shed 6.34 points, or 0.1%, to 4 505.85.

The Stoxx Europe 600 fell 0.4% to 340.99 in broad-based losses. Germany’s DAX 30 fell 0.7% to 9 422.91, and France’s CAC 40 declined 0.8% to 4,358.07. The FTSE dropped 0.04% to 6 646.60.

The Hang Seng Index headed for a possible fourth day of losses, with massive protests by pro-democracy activists persisting on Tuesday and continuing to paralyze parts of the city. Over on the Chinese mainland, however, the Shanghai Composite Index inched up 0.1%.

The US dollar is currently trading at 1.26 to the euro, 1.62 to the pound and will buy 109.37 Japanese Yen or 11.26 South African Rand.

Domestic markets

The benchmark Top-40 index declined 0.67% to 44 209 while the broader All-Share index lost 0.59% to 49 371.

Commodities

Spot gold is currently trading at US$ 1 216.10/oz. and platinum at US$ 1 311.50/oz. Brent crude oil is currently trading at US$ 97.26 per barrel.

1

Share Button