Daily Financial Markets Report | Tuesday, 07 October 2014

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

Highlights

 The U.S. stock market ended a choppy Monday trading session lower as investors appeared to book profits after last week’s rally. Small-cap and tech stocks led trading declines. European stock markets rebounded on Monday after a two-week slide, building on Friday’s rally when strong U.S. jobs data sent stocks sparked a run up in stock prices in the U.S. and European markets. Hong Kong stocks seesawed early Tuesday morning following a rally the previous day.

 Spot gold is currently trading at US$ 1 206.70/oz. and platinum at US$ 1 .246.40 /oz. Brent crude oil is currently trading at US$ 92.66 per barrel.

 The US dollar is currently trading at 1.26 to the euro, 1.61 to the pound and will buy 108.66 Japanese Yen or 11.22 South African Rand.

International markets

The U.S. stock market ended a choppy Monday trading session lower as investors appeared to book profits after last week’s rally. Small-cap and tech stocks led trading declines. European stock markets rebounded on Monday after a two-week slide, building on Friday’s rally when strong U.S. jobs data sent stocks sparked a run up in stock prices in the U.S. and European markets. Hong Kong stocks seesawed early Tuesday morning following a rally the previous day.

The S&P 500 closed 3.1 points, or 0.2%, lower at 1 964.82 as the Dow Jones Industrial Average fell 17.72 points, or 0.1%, to 16 991.97. Nasdaq Composite lost 20.82 points, or 0.5%, to 4 454.80.

The Stoxx Europe 600 index picked up 0.2% to end at 336.00 on Monday, after closing with the largest one-week percentage decline since early August on Friday. Germany’s DAX 30 ended the day 0.2% higher at 9 209.51, shrugging off the downbeat data. France’s CAC 40 index rose 0.1% to 4 286.52, while the U.K.’s FTSE 100 index added 0.6% to 6 563.65.

The Hang Seng Index up 0.5%; Shanghai Composite Index closed for holiday.

The US dollar is currently trading at 1.26 to the euro, 1.61 to the pound and will buy 108.66 Japanese Yen or 11.22 South African Rand.

Domestic markets

The All-share index ended the day 1.14% higher at 49 166 while the Top-40, added 1.27% to 43 933. Both indices lost almost 3% last week.

Commodities

Spot gold is currently trading at US$ 1 206.70/oz. and platinum at US$ 1 246.40 /oz. Brent crude oil is currently trading at US$ 92.66 per barrel.

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