Daily Financial Markets Report | Thursday, 08 January 2015

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

Highlights

 U.S. stocks rebounded on Wednesday, highlighted by the S&P 500 recording its first gain in 2015 and snapping a five-day losing streak. The European Central Bank may expand its quantitative easing measures as early as this month after data indicated deflation in the Eurozone, according to a Goldman Sachs report published Wednesday. Hong Kong stocks headed into a second day of gains Thursday morning, with markets heavyweights Tencent Holdings Ltd.

 Spot gold is currently trading at US$ 1 208.20 /oz. and platinum at US$ 1,219.80/oz. Brent crude oil is currently trading at US$ 49.08 per barrel.

 The US dollar is currently trading at 1.18 to the euro, 1.51 to the pound and will buy 119.70 Japanese Yen or 11.68 South African Rand.

International markets

U.S. stocks rebounded on Wednesday, highlighted by the S&P 500 recording its first gain in 2015 and snapping a five-day losing streak. The European Central Bank may expand its quantitative easing measures as early as this month after data indicated deflation in the Eurozone, according to a Goldman Sachs report published Wednesday. Hong Kong stocks headed into a second day of gains Thursday morning, with markets heavyweights Tencent Holdings Ltd.

The S&P 500 closed 23.29 points or 1.2%, higher at 2 025.90. The Dow Jones Industrial Average jumped 212.88 points, or 1.2%, to 17 584.52, with 27 of its 30 components finishing higher. The Nasdaq Composite ended the day up 57.73 points, or 1.3%, at 4 650.47.

The Stoxx Europe 600 rose 0.5% to 333.20. Germany’s DAX 30 DAX ended 0.5% higher at 9 518.18. The U.K.’s FTSE 100 rose 0.8% to 6 419.83, and France’s CAC 40 gained 0.7% to 4 112.73.

The Hang Seng Index was up 0.8% and the Shanghai Composite Index was down 1.4%

The US dollar is currently trading at 1.18 to the euro, 1.51 to the pound and will buy 119.70 Japanese Yen or 11.68 South African Rand.

Domestic markets

The Top-40 blue-chip index fell 0.84% to 45 533 while the broader All-Share index lost 0.82% to 50 674.

Commodities

Spot gold is currently trading at US$ 1 208.20 /oz. and platinum at US$ 1,219.80/oz. Brent crude oil is currently trading at US$ 49.08 per barrel.

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