Daily Financial Markets Report | Friday, 31 October 2014

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

Highlights

 U.S. stock benchmarks rose, after a pair of upbeat economic reports a day after the Federal Reserve officially announced the conclusion of its bond-purchasing initiative. European stock markets ended a choppy session on an upbeat note on Thursday, extending their winning streak into a third straight day. Hong Kong stocks powered to respectable gains early Friday, helped by some good earnings news, a positive lead from the U.S. and reports that tests were planned this weekend for the direct trading of Shanghai shares.

 Spot gold is currently trading at US$1 186.40/oz. and platinum at US$ 1 234.50/oz. Brent crude oil is currently trading at US$ 86.07 per barrel.

 The US dollar is currently trading at 1.25 to the euro, 1.59 to the pound and will buy 110.84 Japanese Yen and 10.89 South African Rand.

International markets

U.S. stock benchmarks rose, after a pair of upbeat economic reports a day after the Federal Reserve officially announced the conclusion of its bond-purchasing initiative. European stock markets ended a choppy session on an upbeat note on Thursday, extending their winning streak into a third straight day. Hong Kong stocks powered to respectable gains early Friday, helped by some good earnings news, a positive lead from the U.S. and reports that tests were planned this weekend for the direct trading of Shanghai shares.

The Dow Jones Industrial Average closed 221.24 points, or 1.3%, higher at 17 195.55. The S&P 500 flirted with the 2 000 level, but closed just below, adding 12.34 points, or 0.6%, to 1 994.64. The Nasdaq Composite ended 16.91 points, or 0.4%, higher at 4 566.14.

The Stoxx Europe 600 index rose 0.6% to end at 330.71. France’s CAC 40 index added 0.7% to 4 141.24, while Germany’s DAX 30 index pushed 0.4% higher to 9 114.84. The U.K.’s FTSE 100 index rose 0.2% to 6 463.55.

The Hang Seng Index rose 1% in initial trades. Over on the Chinese mainland, the Shanghai Composite Index added 0.4%

The US dollar is currently trading at 1.25 to the euro, 1.59 to the pound and will buy 110.84 Japanese Yen and 10.89 South African Rand.

Domestic markets

The All-share index was only 0.24% lower at 48 997 points, while the Top 40 index lost 0.25% to 43 688 points.

Commodities

Spot gold is currently trading at US$1 186.40/oz. and platinum at US$ 1 234.50/oz. Brent crude oil is currently trading at US$ 86.07 per barrel.

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