Daily Financial Markets Report | Wednesday, 05 November 2014

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

Highlights

  • The U.S. stock market finished Tuesday’s choppy session mostly lower, as steep losses in energy companies’ stocks weighed on the main benchmark. Most of the region’s stock benchmarks went from positive to negative territory on Tuesday after the European Commission slashed its growth outlook for the European Union and the Eurozone. Hong Kong stocks traded lower early Wednesday, with weakness in financials and casino shares helping to drag the Hang Seng Index to a 0.7% loss.
  • Spot gold is currently trading at US$ 1 152.70/oz. and platinum at US$ 1 212.40/oz. Brent crude oil is currently trading at US$ 82.31 per barrel.
  • The US dollar is currently trading at 1.26 to the euro, 1.60 to the pound and will buy 114.12     Japanese Yen or 11.04 South African Rand.

International markets

The U.S. stock market finished Tuesday’s choppy session mostly lower, as steep losses in energy companies’ stocks weighed on the main benchmark. Most of the region’s stock benchmarks went from positive to negative territory on Tuesday after the European Commission slashed its growth outlook for the European Union and the Eurozone. Hong Kong stocks traded lower early Wednesday, with weakness in financials and casino shares helping to drag the Hang Seng Index to a 0.7% loss.

The S&P 500 finished 5.71 points, or 0.3%, lower at 2 021.10. The Dow Jones Industrial Average gained 17.50 points, or 0.1%, to 17 383.8. The Nasdaq Composite shed 15.27 points, or 0.3%, to 4 623.64.

The Stoxx Europe 600 index dropped 1% to close at 330.88, after trading as high as 335.82 earlier in the day. France’s CAC 40 index lost 1.5% to 4,130.19, while Germany’s DAX 30 index fell 0.9% to 9 166.47. The U.K.’s FTSE 100 index gave up 0.5% to 6 453.97. 

The Hang Seng Index was down 0.5% and the Shanghai Composite Index was down 0.3%

The US dollar is currently trading at 1.26 to the euro, 1.60 to the pound and will buy 114.12     Japanese Yen or 11.04 South African Rand.

Domestic markets

The benchmark Top-40 index fell 0.57% to 44 451 and the broader All-Share index dropped 0.47% to 49 788, snapping two straight sessions of gains.

Commodities

Spot gold is currently trading at US$ 1 152.70/oz. and platinum at US$ 1 212.40/oz. Brent crude oil is currently trading at US$ 82.31 per barrel.

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