Daily Financial Markets Report | Thursday, 15 January 2015

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

Highlights

 The U.S. dollar traded flat against the euro, yen and pound Wednesday after dismal December retail-sales data caused investors to second-guess the strength of the U.S. economy, kicking off a session of choppy trade. European stocks fell Wednesday, under pressure after the World Bank cut its global growth projection and after unexpectedly weak data on retail sales from the U.S., the world’s largest economy. -Hong Kong stocks bounced between small gains and losses Thursday morning, as mainland China banks and real-estate stocks fell broadly.

 Spot gold is currently trading at US$ 1 227.90/oz. and platinum at US$ 1 231.50/oz. Brent crude oil is currently trading at US$ 48.08 per barrel.

 The US dollar is currently trading at 1.18 to the euro, 1.52 to the pound and will buy 117.75 Japanese Yen or 11.45 South African Rand.

International markets

The U.S. dollar traded flat against the euro, yen and pound Wednesday after dismal December retail-sales data caused investors to second-guess the strength of the U.S. economy, kicking off a session of choppy trade. European stocks fell Wednesday, under pressure after the World Bank cut its global growth projection and after unexpectedly weak data on retail sales from the U.S., the world’s largest economy. -Hong Kong stocks bounced between small gains and losses Thursday morning, as mainland China banks and real-estate stocks fell broadly.

The S&P 500 declines were broad-based, with eight of 10 main industry groups ending lower to 2011.27. The Dow Jones Industrial Average dropped as much as 300 points, but closed down 186.59 points, or 1.1%, lower at 17 427.09. Declines on the Nasdaq Composite ended the session down 22.18 points, or 0.5%, at 4 639.32.

The Stoxx Europe 600 dropped 1.5% to 339.67. In Frankfurt, the DAX 30 fell 1.3% to 9 817.08. In Paris, the CAC 40 fell 1.6% to 4 223.24.The U.K. FTSE 100 which is heavily weighted by commodity-related shares, slid 2.4% to 6 388.46.

The Hang Seng Index was up 0.3% and the Shanghai Composite Index was up 1.4%.

The US dollar is currently trading at 1.18 to the euro, 1.52 to the pound and will buy 117.75 Japanese Yen or 11.45 South African Rand.

Domestic markets

The JSE Top-40 index lost 3.2% to 42 038, while the broader All-Share index dropped 2.8% to 48 057.

Commodities

Spot gold is currently trading at US$ 1 227.90/oz. and platinum at US$ 1 231.50/oz. Brent crude oil is currently trading at US$ 48.08 per barrel.

1

Share Button