Daily Financial Markets Report | Monday, 09 February 2015

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

Highlights

 U.S. stocks finished lower Friday as investors shrugged off a strong jobs report, which had provided a lift earlier in the day, and turned to fresh concerns about Greece. Europe’s benchmark stock index extended gains into a fifth straight day on Friday, after erasing losses in volatile afternoon action on the back of stronger-than-expected U.S. jobs numbers. Hong Kong extended losses Monday morning, as China’s imports and exports both posted unexpected drops last month, suggesting more downside risks facing the economy.

 Spot gold is currently trading at US$ 1 235.60/oz. and platinum at US$ 1 225.30/oz. Brent crude oil is currently trading at US$ 58.01 per barrel.

The US dollar is currently trading at 1.13 to the euro, 1.52 to the pound and will buy 118.23 Japanese Yen or 11.51 South African Rand.

International markets

U.S. stocks finished lower Friday as investors shrugged off a strong jobs report, which had provided a lift earlier in the day, and turned to fresh concerns about Greece. Europe’s benchmark stock index extended gains into a fifth straight day on Friday, after erasing losses in volatile afternoon action on the back of stronger-than-expected U.S. jobs numbers. Hong Kong extended losses Monday morning, as China’s imports and exports both posted unexpected drops last month, suggesting more downside risks facing the economy.

The S&P 500 fell 7.05 points, or 0.3%, to close at 2 055.47 on Friday. The Dow Jones dropped 60.59 points, or 0.3%, to close at 17 824.29 on Friday. The Nasdaq Composite slid 20.70 points, or 0.4%, to end at 4 744.40.

The Stoxx Europe 600 ended 0.2% higher at 373.31. The Germany’s DAX 30 index lost 0.5% to 10 846.39, while France’s CAC 40 index fell 0.3% to 4 691.03. The U.K.’s FTSE 100 index fell 0.2% to 6 853.44.

The Hang Seng Index was down 0.4% and the Shanghai Composite Index was up 1.1%.

The US dollar is currently trading at 1.13 to the euro, 1.52 to the pound and will buy 118.23 Japanese Yen or 11.51 South African Rand.

Domestic markets

The benchmark Top-40 index rose 0.65% to 45 744.27. The wider All-share index climbed 0.60% to 51 988.32.

Commodities

Spot gold is currently trading at US$ 1 235.60/oz. and platinum at US$ 1 225.30/oz. Brent crude oil is currently trading at US$ 58.01 per barrel.

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