Daily Financial Markets Report | Monday, 16 February 2015

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

Highlights

 U.S. stocks posted small gains on Friday, but they were enough to lift them into record territory. European stocks hit a fresh seven-year high Friday, finding support after a better-than-expected reading of economic growth in Germany, considered the powerhouse of the European economy. Hong Kong stocks widened their opening gains Monday morning after data showed China’s foreign direct investment surged in January.

 Spot gold is currently trading at US$ 1 232.30/oz. and platinum at US$ 1 215.40./oz. Brent crude oil is currently trading at US$ 61.31 per barrel.

 The US dollar is currently trading at 1.14 to the euro, 1.54 to the pound and will buy 118.50 Japanese Yen or 11.66 South African Rand.

International markets

U.S. stocks posted small gains on Friday, but they were enough to lift them into record territory. European stocks hit a fresh seven-year high Friday, finding support after a better-than-expected reading of economic growth in Germany, considered the powerhouse of the European economy. Hong Kong stocks widened their opening gains Monday morning after data showed China’s foreign direct investment surged in January.

The S&P 500 closed near its intraday record, adding 8.51 points, or 0.4%, to 2 096.99. The Dow Jones Industrial Average added 46.97 points, or 0.3%, to 18 019.35, with half of its 30 components ending with gains. The Nasdaq Composite outperformed other indexes, adding 36.22 points, or 0.8%, to 4 893.84.

The Stoxx Europe 600 increased by 0.6% to 377.07. The German DAX marked a milestone, jumping above the 11,000 level for the first time to 10 986.54 and France’s CAC rose 0.7% to 4 759.36. The FTSE 100 gained 0.7% to 6 873.52, and ended up 0.3% for the week.

The Hang Seng Index was up 0.2% and Shanghai Composite Index was up 0.1%.

The US dollar is currently trading at 1.14 to the euro, 1.54 to the pound and will buy 118.50 Japanese Yen or 11.66 South African Rand.

Domestic markets

The All-share index, the broadest measure of the stock market performance, notched up a record 52 984 before pulling back slightly to at 52 967, up 0.88%. The blue-chip Top-40 index gained 0.97% to 46 739

Commodities

Spot gold is currently trading at US$ 1 232.30/oz. and platinum at US$ 1 215.40./oz. Brent crude oil is currently trading at US$ 61.31 per barrel.

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