Daily Financial Markets Report | Monday, 23 February 2015

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

Highlights

 U.S. stocks rallied on Friday, sending the S&P 500 and Dow Jones Industrial Average to record levels on news that Eurozone ministers agreed to a four-month extension of Greece’s bailout. European stocks steadied at seven-year highs Friday, with investors focused on the impasse between Greece and its creditors over a new financing deal for the country. Hong Kong stocks opened the Year of the Goat higher Monday but quickly erased the gains and turned lower, with the Hang Seng Index off 0.6%.

 Spot gold is currently trading at US$ 1 202.80/oz. and platinum at US$ 1 166.20./oz. Brent crude oil is currently trading at US$ 60.21 per barrel.

 The US dollar is currently trading at 1.14 to the euro, 1.54 to the pound and will buy 118.95 Japanese Yen or 11.64 South African Rand.

International markets

U.S. stocks rallied on Friday, sending the S&P 500 and Dow Jones Industrial Average to record levels on news that Eurozone ministers agreed to a four-month extension of Greece’s bailout. European stocks steadied at seven-year highs Friday, with investors focused on the impasse between Greece and its creditors over a new financing deal for the country. Hong Kong stocks opened the Year of the Goat higher Monday but quickly erased the gains and turned lower, with the Hang Seng Index off 0.6%.

The S&P 500 climbed 12.85 points, or 0.6% to 2 110.30, with nine of its 10 main sectors finishing higher. The Dow Jones Industrial Average swung from a triple-digit loss to a triple-digit gain, adding 154.67 points, or 0.9%, to 18 140.44. The Nasdaq Composite rose for the eighth consecutive session, adding 31.27 points, or 0.6%, to 4 952 and gaining 1.3% over the week.

The Stoxx Europe 600 ended 0.2% higher at 382.27, its highest close since late 2007. The Germany’s DAX 30 index rose 0.4% to 11 050.64. The France’s CAC 40 fell 0.1% to 4 830.90. The U.K.’s FTSE 100 climbed 0.4% to 6 915.20, closing near to its record high.

The Hang Seng Index was down 0.1% and the Shanghai Composite Index was closed for holiday.

The US dollar is currently trading at 1.14 to the euro, 1.54 to the pound and will buy 118.95 Japanese Yen or 11.64 South African Rand.

Domestic markets

The All-share index was again within striking distance of the all-time high of 52 996 points set earlier in the week. At that stage it was only 0.01% higher at 52 841 points, while the Top 40-index was only 0.02% lower at 46 707 points.

Commodities

Spot gold is currently trading at US$ 1 202.80/oz. and platinum at US$ 1 166.20./oz. Brent crude oil is currently trading at US$ 60.21 per barrel.

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