Daily Financial Markets Report | Monday, 24 November 2014

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

Highlights

 The World markets ended the week in rally mode Friday sparked by a surprise dose of liquidity measures launched by China’s central bank and dovish comments from European Central Bank President Mario Draghi on Friday.

 Spot gold is currently trading at US$1 197.50/oz. and platinum at US$ 1 226.80/oz. Brent crude oil is currently trading at US$ 80.79 per barrel.

 The US dollar is currently trading at 1.23 to the euro, 1.56 to the pound and will buy 117.95 Japanese Yen and 10.96 South African Rand.

International markets

The World markets market ended the week in rally mode Friday sparked by a surprise dose of liquidity measures launched by China’s central bank and dovish comments from European Central Bank President Mario Draghi on Friday.

The S&P 500 closed 10.75 points, or 0.5% higher at 2 063.50, with broad-based gains led by materials and energy sector stocks. The benchmark index gained 1.2% over the week. The Dow Jones Industrial Average jumped 91.06 points, or 0.5%, to 17 810.06, and booked a 1% gain over the week. The Nasdaq Composite rose 11 points, or 0.2%, to 4 712.97 and added 0.5% over the past five sessions.

The Stoxx Europe 600 gained up 2.1% to 345.24, In Frankfurt, the DAX 30 equity index shot up 2.6% to 9 732.55. France’s CAC 40 index rose 2.7% to 4 347.23, and the U.K.’s FTSE 100 rose 1.1% to 6 750.76.

The Hong Kong Hang Seng Index and Shanghai Composite Index both gained 1.9%.

The US dollar is currently trading at 1.23 to the euro, 1.56 to the pound and will buy 117.95 Japanese Yen and 10.96 South African Rand.

Domestic markets

The benchmark Top-40 index rose by 3.51% to 45 210 with all listed shares ending in the blue. The broader All-share index climbed 3.15% to 50 821.

Commodities

Spot gold is currently trading at US$1 197.50/oz. and platinum at US$ 1 226.80/oz. Brent crude oil is currently trading at US$ 80.79 per barrel.

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