Daily Financial Markets Report |Wednesday, 21 January 2015

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

Highlights

 U.S. stocks ended Tuesday’s choppy session with marginal gains, as technology stocks led advances. European shares hit fresh multiyear highs Tuesday, buoyed by expectations that the European Central Bank will this week venture into uncharted territory by authorizing purchases of government bonds in an effort to stimulate economic growth. Hong Kong stocks headed toward a second day of gains Wendesday morning, with the Hang Seng Index up 0.9%.

 Spot gold is currently trading at US$ 1 299.00/oz. and platinum at US$ 1 284.90/oz. Brent crude oil is currently trading at US$ 48.40 per barrel.

 The US dollar is currently trading at 1.16 to the euro, 1.52 to the pound and will buy 117.84 Japanese Yen or 11.58 South African Rand.

International markets

U.S. stocks ended Tuesday’s choppy session with marginal gains, as technology stocks led advances. European shares hit fresh multiyear highs Tuesday, buoyed by expectations that the European Central Bank will this week venture into uncharted territory by authorizing purchases of government bonds in an effort to stimulate economic growth. Hong Kong stocks headed toward a second day of gains Wendesday morning, with the Hang Seng Index up 0.9%.

The S&P 500 closed 3.13 points, or 0.2%, higher at 2 022.55, with technology stocks in the lead. The Dow Jones Industrial Average ended with a marginal gain of 3.66 points to 17 515.23. The Nasdaq Composite outperformed other indexes, adding 20.46 points, or 0.4%, to 4 654.85.

The Stoxx Europe 600 ended the day up 0.8% at 355.96 — having earlier in the session hit a seven-year high — while London’s FTSE 100 added 0.5% to 6 620.10, and France’s CAC 40 climbed 1.2% to 4 446.02. The Germany’s DAX 30 rose 0.1% to 10 257.13, a record close.

The Hang Seng Index was up 1.6% and the Shanghai Composite Index was up 4%.

The US dollar is currently trading at 1.16 to the euro, 1.52 to the pound and will buy 117.84 Japanese Yen or 11.58 South African Rand.

Domestic markets

The All-share index was only 0.18% higher at 49 083 points while the Top 40-index was at one stage 0.17% higher at 43 061 points

Commodities

Spot gold is currently trading at US$ 1 299.00/oz. and platinum at US$ 1 284.90/oz. Brent crude oil is currently trading at US$ 48.40 per barrel.

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