Daily Financial Markets Report | Thursday, 12 February 2015

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

Highlights

 After switching between gains and losses, U.S. stocks ended Wednesday’s choppy session essentially flat. European markets drifted lower Wednesday, with investors nervously awaiting a crunch meeting on the future of financial aid to Greece. Hong Kong stocks edged lower Thursday morning, extending previous weakness as index heavyweight Tencent Holdings Ltd.

 Spot gold is currently trading at US$ 1 222.00/oz. and platinum at US$ 1 195.10./oz. Brent crude oil is currently trading at US$ 55.18 per barrel.

 The US dollar is currently trading at 1.13 to the euro, 1.52 to the pound and will buy 120.28 Japanese Yen or 11.85 South African Rand.

International markets

After switching between gains and losses, U.S. stocks ended Wednesday’s choppy session essentially flat. European markets drifted lower Wednesday, with investors nervously awaiting a crunch meeting on the future of financial aid to Greece. Hong Kong stocks edged lower Thursday morning, extending previous weakness as index heavyweight Tencent Holdings Ltd.

After a choppy session, the S&P 500 index ended flat at 2 068.53. Four of the 10 main sectors finished higher, with consumer staples and technology stocks leading gains. The Dow Jones Industrial Average dropped more than 100 points at session lows but recovered by the end of the day to end flat at 17 862.14, off 6.6 points. The Nasdaq Composite, however, outperformed other indexes and rose 0.4%, to 4 801.18.

Equity markets edged lower in Europe, with the Stoxx Europe 600 index falling 0.2%. to 380.39. The Germany’s DAX index was 0.02 flat at 10752.11, and France’s CAC was down 0.3% ahead of the Eurogroup meeting at 4679.38. The U.K.’s FTSE 100 index was 0.5% lower at 6 818.17.

The Hang Seng Index was up 0.5% and the Shanghai Composite Index was up 0.7%.

The US dollar is currently trading at 1.13 to the euro, 1.52 to the pound and will buy 120.28 Japanese Yen or 11.85 South African Rand.

Domestic markets

The benchmark JSE Top-40 index ended 0.05 lower at 45 891 and the broader All-share index edged down 0.08% at 52 069.

Commodities

Spot gold is currently trading at US$ 1 222.00/oz. and platinum at US$ 1 195.10./oz. Brent crude oil is currently trading at US$ 55.18 per barrel.

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