Daily Financial Markets Report |Monday, 12 January 2015

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

Highlights

 The U.S. Dollar Index moved lower Friday as a contraction in hourly wage growth in December caused investors to delay their expectations for when the Federal Reserve will begin raising its benchmark interest rate. European stocks slid Friday, finishing the first full trading week of 2015 in the red, on mounting concerns that deflationary pressure will dampen global economic growth. Hong Kong stocks rose out of the open Monday, running in the opposite direction from most other Asian markets.

 Spot gold is currently trading at US$ 1 226.00 /oz. and platinum at US$ 1,234.60/oz. Brent crude oil is currently trading at US$ 49.31 per barrel.

 The JSE Top-40 index lost 1.55% to 42 995, while the broader All-Share index dropped 1.3% to 48 951.

International markets

The U.S. Dollar Index moved lower Friday as a contraction in hourly wage growth in December caused investors to delay their expectations for when the Federal Reserve will begin raising its benchmark interest rate. European stocks slid Friday, finishing the first full trading week of 2015 in the red, on mounting concerns that deflationary pressure will dampen global economic growth. Hong Kong stocks rose out of the open Monday, running in the opposite direction from most other Asian markets.

The S&P 500 closed 17.33 points, or 0.8%, lower at 2 044.81. The Dow Jones Industrial Average slid by 170.50 points, or 1%, at 17 737.37 ending the week 3.5% lower. The Nasdaq Composite finished down 32.12 points, or 0.7%, to 4 704.07, recording a 0.5% loss for the week.

The Stoxx Europe 600 lost 1.3% to end at 337.93. Germany’s DAX 30 fell 1.9% to 9 648.50, and France’s CAC 40 dropped 1.9% to 4 179.07.The U.K.’s FTSE 100 fell 1.1% to 6 501.14.

The Hang Seng Index was flat and the Shanghai Composite Index was down 2.7%.

The US dollar is currently trading at 1.18 to the euro, 1.51 to the pound and will buy 118.12 Japanese Yen or 11.47 South African Rand.

Domestic markets

The JSE Top-40 index lost 1.55% to 42 995, while the broader All-Share index dropped 1.3% to 48 951.

Commodities

Spot gold is currently trading at US$ 1 226.00 /oz. and platinum at US$ 1,234.60/oz. Brent crude oil is currently trading at US$ 49.31 per barrel.

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