Daily Financial Markets Report | Friday, 05 December 2014

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

Highlights

 U.S. stocks finished with modest losses Thursday, having faded after jumping to intraday records earlier in the session. European stocks turned sharply lower while the euro climbed Thursday. After sharp gains the previous day Hong Kong markets extended their advance early Friday.

 Spot gold is currently trading at US$ 1 203.60/oz. and platinum at US$ 1 235.00/oz. Brent crude oil is currently trading at US$ 69.18 per barrel.

 The US dollar is currently trading at 1.23 to the euro, 1.56 to the pound and will buy 119.97 Japanese Yen or 11.21 South African Rand.

International markets

U.S. stocks finished with modest losses Thursday, having faded after jumping to intraday records earlier in the session. European stocks turned sharply lower while the euro climbed Thursday. After sharp gains the previous day Hong Kong markets extended their advance early Friday.

The S&P 500 closed down 2.41 points, or 0.1%, to 2 071.92. The Dow Jones Industrial Average fell by 12.52 points, or 0.1%, to 17 900.10. Meanwhile, the Nasdaq Composite lost 5.04 points, or 0.1%, to close at 4 769.44.

The Stoxx Europe 600 dropped 1.3% to 344.84, marking its worst percentage decline since mid-October. Germany’s DAX 30 on Thursday fell 1.2% to 9 851.35, France’s CAC 40 index lost 1.6% to 4 323.89, and the U.K.’s FTSE 100 moved 0.6% lower to 6 679.37.

The Hang Seng Index is up 1.3% and the Shanghai Composite Index is up 0.7%

The US dollar is currently trading at 1.23 to the euro, 1.56 to the pound and will buy 119.97 Japanese Yen or 11.21 South African Rand.

Domestic markets

The All-share index was at that stage 0.21% lower at 49 753 points, while the Top 40 index lost 0.31% to 44 095 points.

Commodities

Spot gold is currently trading at US$ 1 203.60/oz. and platinum at US$ 1 235.00/oz. Brent crude oil is currently trading at US$ 69.18 per barrel.

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