Daily Financial Markets Report | Tuesday, 04 November 2014

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

Highlights

  • The U.S. stock market ended Monday’s choppy session slightly lower, as the S&P 500 and Dow Jones Industrial Average retreated from fresh intraday records shortly after hitting them in morning trade. European stock markets  slumped on Monday as investors digested a mixed bag of data from the eurozone and China. Hong Kong stocks opened lower Tuesday, extending their fall from the previous session.
  • Spot gold is currently trading at US$ 1 165.00/oz. and platinum at US$ 1 227.40/oz. Brent crude oil is currently trading at US$ 83.65 per barrel.
  • The US dollar is currently trading at 1.25 to the euro, 1.60 to the pound and will buy 113.41 Japanese Yen or 11.04 South African Rand.      

International markets

The U.S. stock market ended Monday’s choppy session slightly lower, as the S&P 500 and Dow Jones Industrial Average retreated from fresh intraday records shortly after hitting them in morning trade.  European stock markets slumped on Monday as investors digested a mixed bag of data from the eurozone. Hong Kong stocks opened lower Tuesday, extending their fall from the previous session.

The S&P 500 finished the day marginally lower at 2 017.81. The Dow Jones Industrial Average ended lower, shedding 24.28 points, or 0.1%, to 17 366.24. Meanwhile, the Nasdaq Composite defied the general trend and finished up 8.17 points, or 0.2%, to 4 638. 

The Stoxx 600 fell 0.8% to end at 334.25, snapping a four-day winning streak.

Germany’s DAX 30 index gave up 0.8% to 9 251.70, while France’s CAC 40 index lost 0.9% to 4 194.03. The U.K.’s FTSE 100 index ended 0.9% lower at 6 487.97.

The Hang Seng Index was up 0.2% and the Shanghai Composite Index was down 0.2%

The US dollar is currently trading at 1.25 to the euro, 1.60 to the pound and will buy 113.41     Japanese Yen or 11.04 South African Rand.

Domestic markets

All-share index at Friday’s elevated levels at midday. It traded virtually unchanged at 49 721. The Top 40 index, which breached the important resistance level of 43 600 convincingly on Friday, was marginally (0.08%) higher at 44 419.

Commodities

Spot gold is currently trading at US$ 1 165.00/oz. and platinum at US$ 1 227.40/oz.         Brent crude oil is currently trading at US$ 83.65 per barrel.

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