Daily Financial Markets Report | Tuesday, 18 November 2014

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

Highlights

  • U.S. stocks ended Monday’s choppy session fractionally higher. A small gain on the S&P 500 was enough to send the index into record close. European stocks swung higher Monday, with the prospect of further monetary stimulus for the Eurozone. Hong Kong stocks lost their opening gains and turned lower in early trading Tuesday.
  • Spot gold is currently trading at US$ 1 183.00/oz. and platinum at US$ 1 202.30/oz. Brent crude oil is currently trading at US$ 78.93 per barrel.
  • The US dollar is currently trading at 1.25 to the euro, 1.56 to the pound and will buy 116.66    Japanese Yen or 11.11 South African Rand.

International markets

U.S. stocks ended Monday’s choppy session fractionally higher. A small gain on the S&P 500 was enough to send the index into record close. European stocks swung higher Monday, with the prospect of further monetary stimulus for the Eurozone. Hong Kong stocks lost their opening gains and turned lower in early trading Tuesday.

The S&P 500 ended 1.5 points higher at 2 041.32. The Dow Jones Industrial added 13 points, or 0.1%, to 17 647.75. The Nasdaq Composite closed 17.5 points, or 0.4%, lower at 4 671.

The Stoxx Europe 600 index closed up 0.5% at 337.25 and the Germany’s DAX 30 logged a turnaround, ending up 0.1% at 9 252.94. France’s CAC 40 index rose 0.4% to 4 202.46, and the U.K.’s FTSE 100 UKX rose 0.3% to 6 654.37.

The Hang Seng Index was down 1.1% and the Shanghai Composite Index was down 0.8%.

The US dollar is currently trading at 1.25 to the euro, 1.56 to the pound and will buy 116.66    Japanese Yen or 11.11 South African Rand.

Domestic markets

The All-share index was only 0.05% lower at 50 571 points, while the Top 40 index lost 0.18% to 44 054 points.

Commodities

Spot gold is currently trading at US$ 1 183.00/oz. and platinum at US$ 1 202.30/oz. Brent crude oil is currently trading at US$ 78.93 per barrel.

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