Daily Financial Markets Report | Wednesday, 04 February 2015

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

Highlights

 U.S. and European markets responded positively to news that indications that Greece will meet with ECB president Mario Draghi in an effort to solve the country’s financial crisis. Hong Kong stocks extended their gains Wednesday morning after U.S. stocks rallied overnight on the back of jumping oil prices.

 Spot gold is currently trading at US$ 1 262.90/oz. and platinum at US$ 1 239.30/oz. Brent crude oil is currently trading at US$ 58.00 per barrel.

 The US dollar is currently trading at 1.14 to the euro, 1.52 to the pound and will buy 117.63 Japanese Yen or 11.37 South African Rand.

International markets

U.S. and European markets responded positively to news that indications that Greece will meet with ECB president Mario Draghi in an effort to solve the country’s financial crisis. Hong Kong stocks extended their gains Wednesday morning after U.S. stocks rallied overnight on the back of jumping oil prices.

The S&P 500 closed 29.15 points, or 1.4%, higher at 2 050. The Dow Jones Industrial Average gained 305.36 points, or 1.8%, to 17 666.40. The Nasdaq Composite ended the day up 51.05 points, or 1.1%, at 4 727.74.

The Stoxx Europe 600 edged up 0.1% to 367.29. The Germany’s DAX rose 1.3% to 10 828.01. The France’s CAC ended up 0.5% at 4 627.67 and the U.K.’s FTSE 100 +0.49% rose 0.5% to 6 782.55.

The Hang Seng Index was up 0.8% and the Shanghai Composite Index was up 0.2%.

The US dollar is currently trading at 1.14 to the euro, 1.52 to the pound and will buy 117.63 Japanese Yen or 11.37 South African Rand.

Domestic markets

The Top 40 index gained 1.1% to 45 708 and the All-share ended at 51 949, or 1% higher.

Commodities

Spot gold is currently trading at US$ 1 262.90/oz. and platinum at US$ 1 239.30/oz. Brent crude oil is currently trading at US$ 58.00 per barrel.

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