Daily Financial Markets Report | Monday, 02 March 2015

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

Highlights

 U.S. stocks ended February with a whimper and a roar. The main indexes finished the week roughly where they started it, but still booked hefty monthly gains. European stocks were wavering on Friday, retreating from a seven-year high, but managing to remain on course to log a monthly advance. Hong Kong and Shanghai stocks kept their head above water after a brief struggle Monday morning, digesting news that China’s central bank had lowered interest rates over the weekend due to increasing downward pressure facing the Chinese economy.

 Spot gold is currently trading at US$ 1 222.70/oz. and platinum at US$ 1 189.90/oz. Brent crude oil is currently trading at US$ 62.20 per barrel.

 The US dollar is currently trading at 1.12 to the euro, 1.54 to the pound and will buy 119.281 Japanese Yen or 11.68 South African Rand.

International markets

U.S. stocks ended February with a whimper and a roar. The main indexes finished the week roughly where they started it, but still booked hefty monthly gains. European stocks were wavering on Friday, retreating from a seven-year high, but managing to remain on course to log a monthly advance. Hong Kong and Shanghai stocks kept their head above water after a brief struggle Monday morning, digesting news that China’s central bank had lowered interest rates over the weekend due to increasing downward pressure facing the Chinese economy.

The S&P 500 ended 6.25 points, or 0.3%, lower at 2 104.73, and booked a 0.3% loss over the week. The Dow Jones Industrial Average dropped 82.04 points, or 0.5%, to 18 132.38, finishing the week flat. The Nasdaq Composite lost 24.36 points, or 0.5%, to 4 963.53 and was slightly higher over the week

The Stoxx Europe 600 edged up less than 1 point to 390.79. The DAX 30 turned up 0.1% at 11 317.10 after data showed German inflation in February rose 0.1% on a year-over-year basis, compared with expectations of a 0.5% decline. The France’s CAC 40 was off 0.1% at 4905.24, and the FTSE 100 was down 0.1% at 6 946.60.

The Hang Seng Index was up 0.3% and the Shanghai Composite Index was up 0.3%

The US dollar is currently trading at 1.12 to the euro, 1.54 to the pound and will buy 119.281 Japanese Yen or 11.68 South African Rand.

Domestic markets

The All-share index was 0.30% lower at 53 170 points and the Top 40-index traded only 0.36% weaker at 46 492.

Commodities

Spot gold is currently trading at US$ 1 222.70/oz. and platinum at US$ 1 189.90/oz. Brent crude oil is currently trading at US$ 62.20 per barrel.

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