Daily Financial Markets Report | Tuesday, 24 February 2015

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

Highlights

 U.S. stocks ended Monday’s choppy session roughly where they started it, as a late-afternoon rebound helped pare early losses. European stocks marked a fresh seven-year high Monday, buoyed by an agreement reached Friday to extend Greece’s bailout. Hong Kong stocks declined Tuesday morning after six straight session of gains.

 Spot gold is currently trading at US$ 1 202.70/oz. and platinum at US$ 1 165.90./oz. Brent crude oil is currently trading at US$ 58.48 per barrel.

 The US dollar is currently trading at 1.13 to the euro, 1.54 to the pound and will buy 119.11 Japanese Yen or 11.66 South African Rand.

International markets

U.S. stocks ended Monday’s choppy session roughly where they started it, as a late-afternoon rebound helped pare early losses. European stocks marked a fresh seven-year high Monday, buoyed by an agreement reached Friday to extend Greece’s bailout. Hong Kong stocks declined Tuesday morning after six straight session of gains.

The S&P 500 closed flat at 2 109.66, The Dow Jones Industrial Average retreated from a record close notched on Friday and slipped 23.54 points, or 0.1%, to 18 116.90. The Nasdaq Composite ended the session 5 points, or 0.1%, higher at 4 960.

The Stoxx Europe 600 rose 0.7% to 385.08. The Germany’s DAX rose 0.7% to 11 130.92, a new record closing high. The France’s CAC 40 ended up 0.7% at 4 862.30, extending a three-week run of gains. The FTSE 100 slipped 3 points to 6 912.16.

The Hang Seng Index was down 0.6% and the Shanghai Composite Index was closed for holiday.

The US dollar is currently trading at 1.13 to the euro, 1.54 to the pound and will buy 119.11 Japanese Yen or 11.66 South African Rand.

Domestic markets

The All-share index was 0.38% stronger at a new record of 53 238 points, while the Top 40-index gained 0.43% to 47 080 points.

Commodities

Spot gold is currently trading at US$ 1 202.70/oz. and platinum at US$ 1 165.90./oz. Brent crude oil is currently trading at US$ 58.48 per barrel.

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