Daily Financial Markets Report | Thursday, 27 November 2014

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

Highlights

 Trading on Wall Street was thin with many participants taking off early for the Thanksgiving holiday. Markets will reopen on Friday for a shortened session ending at 1 p.m. European stocks ended with a whimper Wednesday, giving up a stronger lead following three straight sessions of advances. Hong Kong stocks nosed higher Thursday ahead of Chinese industrial-profit data for last month.

 Spot gold is currently trading at US$1 190.90/oz. and platinum at US$ 1 219.70/oz. Brent crude oil is currently trading at US$ 76.44 per barrel.

 The US dollar is currently trading at 1.25 to the euro, 1.57 to the pound and will buy 117.35 Japanese Yen and 10.95 South African Rand.

International markets

Trading on Wall Street was thin with many participants taking off early for the Thanksgiving holiday. Markets will reopen on Friday for a shortened session ending at 1 p.m. European stocks ended with a whimper Wednesday, giving up a stronger lead following three straight sessions of advances. Hong Kong stocks nosed higher Thursday ahead of Chinese industrial-profit data for last month.

The S&P 500 closed 5.74 points, or 0.3%, higher at 2 072.77. The Dow Jones Industrial Average added 12.81 points, or 0.1%, to 17 827.75. The Nasdaq Composite ended the day up 29.07 points, or 0.6% at 4 787.32.

The Stoxx Europe 600 was up by as much as 0.4%, but the rise was eventually whittled down, leaving the index to close unchanged at 346.28. Germany’s DAX 30 climbed 0.6% to 9 915.56, and the U.K.’s FTSE 100 slipped 2 points to 6 729.17. France’s CAC 40 fell 0.2% to 4 373.42.

The Hang Seng Index rose 0.2%. Over on the Chinese mainland, the Shanghai Composite Index tacked on 0.6%.

The US dollar is currently trading at 1.25 to the euro, 1.57 to the pound and will buy 117.35 Japanese Yen and 10.95 South African Rand.

Domestic markets

The benchmark Top-40 index fell 0.35% to 44 751. The broad All-Share dropped 0.30% to 50 355.

Commodities

Spot gold is currently trading at US$1 190.90/oz. and platinum at US$ 1 219.70/oz. Brent crude oil is currently trading at US$ 76.44 per barrel.

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