Daily Financial Markets Report | Wednesday, 15 October 2014

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

Highlights

 The U.S. stock market ended Tuesday’s choppy session posting marginal gains. But equally important, Tuesday’s moves marked the first time the market closed mostly flat after registering wild swings in the previous five sessions. English markets reached intraday lows after U.K. government data showed the annual headline rate of inflation fell to 1.2% in September, stemming largely from a 6% drop in the price of motor fuels. Shares in Asia were mixed Wednesday, with stocks in the Philippines bouncing from recent losses and the Hong Kong market up as signs of low inflation in China fuelled hope of more easing measures to help the domestic economy.

 Spot gold is currently trading at US$ 1 233.60/oz. and platinum at US$ 1 253.00/oz. Brent crude oil is currently trading at US$ 85.29 per barrel.

 The US dollar is currently trading at 1.26 to the euro, 1.59 to the pound and will buy 107.28 Japanese Yen or 11.06 South African Rand.

International markets

The U.S. stock market ended Tuesday’s choppy session posting marginal gains. But equally important, Tuesday’s moves marked the first time the market closed mostly flat after registering wild swings in the previous five sessions. English markets reached intraday lows after U.K. government data showed the annual headline rate of inflation fell to 1.2% in September, stemming largely from a 6% drop in the price of motor fuels. Shares in Asia were mixed Wednesday, with stocks in the Philippines bouncing from recent losses and the Hong Kong market up as signs of low inflation in China fuelled hope of more easing measures to help the domestic economy.

The S&P 500 closed 3 points, or 0.2%, higher at 1 877.70. The benchmark index still sits below its 200-day moving average, after breaching the level on Monday for the first time in nearly two years. The Dow Jones Industrial Average swung between gains and losses and closed down 5.9 points at 16 315.19. The Nasdaq Composite gained 13 points, or 0.3%, to 4 227.7.

The FTSE 100 rose 0.4% to end at 6 392.68, aided by gains for mining and industrial issues. The DAX advanced 0.15% to 8 825.21 and the CAC gained 0.23% to 4 088.25.

The Hang Seng Index was up 0.3% after data showed China’s consumer price inflation hitting a four-year low in September. Still, investors on the mainland were apprehensive, sending the Shanghai Composite Index 0.4% lower.

The US dollar is currently trading at 1.26 to the euro, 1.59 to the pound and will buy 107.28 Japanese Yen or 11.06 South African Rand.

Domestic markets

The Top-40 index added 0.76% to 42 501, while the broader All-Share index gained 0.67% to 47 687.

Commodities

Spot gold is currently trading at US$ 1 233.60/oz. and platinum at US$ 1 253.00/oz. Brent crude oil is currently trading at US$ 85.29 per barrel.

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