Daily Financial Markets Report | Wednesday, 29 October 2014

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

Highlights

  • The U.S. dollar climbed against the Japanese yen on Tuesday, but fell against the euro, after a round of mixed economic data. European stock markets broke a two-day losing streak on Tuesday.  Hong Kong stocks opened higher Wednesday and kept on rising.
  • Spot gold is currently trading at US$ 1 229.20/oz. and platinum at US$ 1 272.90/oz.         Brent crude oil is currently trading at US$ 86.42 per barrel.
  • The US dollar is currently trading at 1.27 to the euro, 1.61 to the pound and will buy 108.08 Japanese Yen or 10.86 South African Rand.

International markets

The U.S. dollar climbed against the Japanese yen on Tuesday, but fell against the euro, after a round of mixed economic data. European stock markets broke a two-day losing streak on Tuesday.  Hong Kong stocks opened higher Wednesday and kept on rising.

The S&P 500 rose 23.42 points, or 1.2%, to 1 985.05. The Dow Jones Industrial Average jumped 187.8 points, or 1.1%, to 17 005.75 and the Nasdaq ended the day at 4 564.29.

The Stoxx Europe 600 climbed 1% to close at 328.25 on Tuesday, recovering from a 0.6% slide on Monday. Germany’s DAX 30 index rallied 1.9% to 9 068.19. France’s CAC 40 index added 0.4% to 4 112.67, while the U.K.’s FTSE 100 index rose 0.6% to 6 402.17.

The Hang Seng Index was up 1.4%. The Shanghai Composite Index was up 1.6%

The US dollar is currently trading at 1.27 to the euro, 1.61 to the pound and will buy 108.08

Japanese Yen or 10.86 South African Rand.

Domestic markets

The All-share index was 1.21% higher at 48 635 points and the Top 40 index gained 13% to 43 374.

Commodities

Spot gold is currently trading at US$ 1 229.20/oz. and platinum at US$ 1 272.90/oz.         Brent crude oil is currently trading at US$ 86.42 per barrel.

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