Daily Financial Markets Report | Wednesday, 28 January 2015

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

Highlights

 U.S. stocks recorded their biggest decline in three weeks on Tuesday, following a surprise drop in durable-goods orders and disappointing earnings from Microsoft Corp. and Caterpillar Inc. European stocks stumbled Tuesday, with shares of major industrial firms Philips NV and Siemens AG among those that pulled the regional market’s benchmark to its first loss in nine sessions. Hong Kong stocks headed toward a second day of losses on Wednesday morning, with the Hang Seng Index HSI, +0.27% down 0.2%.

 Spot gold is currently trading at US$ 1 291.70/oz. and platinum at US$ 1 263.30/oz. Brent crude oil is currently trading at US$ 48.99 per barrel.

The US dollar is currently trading at 1.13 to the euro, 1.51 to the pound and will buy 117.89 Japanese Yen or 11.57 South African Rand.

International markets

U.S. stocks recorded their biggest decline in three weeks on Tuesday, following a surprise drop in durable-goods orders and disappointing earnings from Microsoft Corp. and Caterpillar Inc. European stocks stumbled Tuesday, with shares of major industrial firms Philips NV and Siemens AG among those that pulled the regional market’s benchmark to its first loss in nine sessions. Hong Kong stocks headed toward a second day of losses on Wednesday morning, with the Hang Seng Index HSI, +0.27% down 0.2%.

The S&P 500 closed down 27.53 points, or 1.3%, at 2 029.56. The Dow Jones Industrial Average dropped as much as 380 points, but closed down 291.49 points, or 1.7%, at 17 387.21. The Nasdaq Composite ended the day with a loss of 90.27 points, or 1.9%, at 4 681.50.

The Stoxx Europe 600 dropped 1% to 368.78. The Germany’s DAX fell 1.6% to 10 628.58, after closing a record on Monday and France’s CAC 40 lost 1.1% to 4 624.2 and the FTSE 100 UK fell 0.6% to 6 811.6.

The Hang Seng Index was up 0.34% to 24 890.91and the NIKKEI 225 Index was down .15% 17 795.73.

The US dollar is currently trading at 1.13 to the euro, 1.51 to the pound and will buy 117.89 Japanese Yen or 11.57 South African Rand.

Domestic markets

The All-share was 1.21% higher on 50 947 points and the Top 40-index moved 1.31% stronger to 44 777 points.

Commodities

Spot gold is currently trading at US$ 1 291.70/oz. and platinum at US$ 1 263.30/oz. Brent crude oil is currently trading at US$ 48.99 per barrel.

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