Daily Financial Markets Report | Thursday, 11 December 2014

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

Highlights

  • U.S. stocks suffered their worst declines in about two months on Wednesday as a renewed slump in oil prices slammed. European stocks were swept lower Wednesday, with energy shares coming under increased pressure as oil prices dropped to five-year lows.  Hong Kong stocks fell hard at the start of trading on Thursday.
  • Spot gold is currently trading at US$ 1 224.00/oz. and platinum at US$ 1 245.50/oz. Brent crude oil is currently trading at US$ 64.58 per barrel.
  • The US dollar is currently trading at 1.24 to the euro, 1.57 to the pound and will buy 118.27   Japanese Yen or 11.53 South African Rand.

International markets

U.S. stocks suffered their worst declines in about two months on Wednesday as a renewed slump in oil prices slammed. European stocks were swept lower Wednesday, with energy shares coming under increased pressure as oil prices dropped to five-year lows.  Hong Kong stocks fell hard at the start of trading on Thursday.

The S&P 500 index fell 33.68 points, or 1.6%, to 2 026. The Dow Jones Industrial Average dropped 268.05 points, or 1.5%, to 17 533.15. The Nasdaq Composite ended the day with a loss of 82.44 points, or 1.7%, to 4 684.03.

The Germany’s DAX 30 increased by 0.06% to 9 799.73, France’s CAC 40 index decreased by 0.85 to 4 227.91 and the FTSE 100 UK lost grip of its gain and fell 0.5% to end at 6 500.04.

The Hang Seng Index gained 0.2% and a weaker dollar was hurting the Nikkei Stock Average which fell 0.9% to 17 259.29.

The US dollar is currently trading at 1.24 to the euro, 1.57 to the pound and will buy 118.27   Japanese Yen or 11.53 South African Rand.

Domestic markets

The benchmark Top-40 share index ended 0.35% higher at 43 062 points, while the All-share was up 0.39% at 48 745 points.

Commodities

Spot gold is currently trading at US$ 1 224.00/oz. and platinum at US$ 1 245.50/oz. Brent crude oil is currently trading at US$ 64.58 per barrel.

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