Daily Financial Markets Report | Friday, 20 February 2015

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

Highlights

 U.S. stocks ended Thursday’s thinly-traded session mostly lower, as investors grappled with a drop in oil prices and a continued impasse between Greece and its creditors over loans. European stocks finished higher Thursday, but spent much of the session swinging between gains and losses amid the latest twists in Greece’s debt drama. The Nikkei Stock Average traded 0.4% higher, moving firmly into territory not seen since mid-2000 after breaching its 15-year high the previous session.

 Spot gold is currently trading at US$ 1 214.20/oz. and platinum at US$ 1 181.60./oz. Brent crude oil is currently trading at US$ 59.53 per barrel.

 The US dollar is currently trading at 1.14 to the euro, 1.54 to the pound and will buy 118.91 Japanese Yen or 11.66 South African Rand.

International markets

U.S. stocks ended Thursday’s thinly-traded session mostly lower, as investors grappled with a drop in oil prices and a continued impasse between Greece and its creditors over loans. European stocks finished higher Thursday, but spent much of the session swinging between gains and losses amid the latest twists in Greece’s debt drama. The Nikkei Stock Average traded 0.4% higher, moving firmly into territory not seen since mid-2000 after breaching its 15-year high the previous session.

The S&P 500 ended 2.23 points, or 0.1%, lower at 2 097.45, with six of its 10 main sectors closing lower. The Dow Jones Industrial Average dropped 44.08 points, or 0.2%, to 17 985.77, with two thirds of its 30 members finishing with losses. The Nasdaq Composite defied the general trend and closed 18.34 points, or 0.4%, higher at 4 924.70, closing higher for the seventh consecutive day.

The Stoxx Europe 600 closed up 0.3% at 381.41. The Germany’s DAX added 0.4% to close at a record 11 001.94. The France’s CAC rose 0.7% to 4 833.28. The U.K.’s FTSE 100 it slipped 0.1% to 6 888.90.

The Hang Seng Index was closed for holiday and the Shanghai Composite was closed for holiday

The US dollar is currently trading at 1.14 to the euro, 1.54 to the pound and will buy 118.91 Japanese Yen or 11.66 South African Rand.

Domestic markets

The All-share index was at that stage only 0.08% lower at 52 495 points after it started to recover from earlier losses just before midday. The Top 40-index was 0.12% weaker at 46 407 points.

Commodities

Spot gold is currently trading at US$ 1 214.20/oz. and platinum at US$ 1 181.60./oz. Brent crude oil is currently trading at US$ 59.53 per barrel.

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