Daily Financial Markets Report |Tuesday, 03 March 2015

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

Highlights

 U.S. stocks struck a positive note for the start of March, with a rally on Monday lifting the Nasdaq Composite above 5,000 — a level not reached since 2000 for the tech-heavy index — while the S&P 500 and the Dow Jones Industrial Average scored records of their own. European stocks turned lower Monday, with the region’s benchmark pulling away from record highs, giving up gains that followed the release of encouraging economic data earlier in the session. Hong Kong stocks swung between small gains and losses Tuesday morning, following a previous advance triggered by the Chinese central bank’s interest-rate cut over the weekend.

 Spot gold is currently trading at US$ 1 210.40/oz. and platinum at US$ 1 187.60/oz. Brent crude oil is currently trading at US$ 60.47 per barrel.

 The US dollar is currently trading at 1.12 to the euro, 1.54 to the pound and will buy 119.66 Japanese Yen or 11.72 South African Rand.

International markets

U.S. stocks struck a positive note for the start of March, with a rally on Monday lifting the Nasdaq Composite above 5,000 — a level not reached since 2000 for the tech-heavy index — while the S&P 500 and the Dow Jones Industrial Average scored records of their own. European stocks turned lower Monday, with the region’s benchmark pulling away from record highs, giving up gains that followed the release of encouraging economic data earlier in the session. Hong Kong stocks swung between small gains and losses Tuesday morning, following a previous advance triggered by the Chinese central bank’s interest-rate cut over the weekend.

The S&P 500 scored its own record high, the fifth this year, adding 12.89 points, or 0.6%, to 2 117.39.The Dow Jones Industrial Average jumped 155.93 points, or 0.9%, to 18 288.63, also scoring its fourth record-high close this year. The Nasdaq Composite gained 44.57% points, to 5 008.10.

The Stoxx Europe 600 swung down by 0.2% to close at 391.29, as energy. The Germany’s DAX +0.08% had slipped during the session to 11 410.36. The France’s CAC 40 lost 34.16 points to 4 917.32 and the FTSE 100 was down 0.1% at 6 946.60.

The Hang Seng Index was 0.36% points flat and the Shanghai Composite Index was down 0.9%.

The US dollar is currently trading at 1.12 to the euro, 1.54 to the pound and will buy 119.66 Japanese Yen or 11.72 South African Rand.

Domestic markets

The All-share index afternoon trade was 0.35% lower at 53 155 points, while the Top 40-index was unchanged at 47 161 points.

Commodities

Spot gold is currently trading at US$ 1 210.40/oz. and platinum at US$ 1 187.60/oz. Brent crude oil is currently trading at US$ 60.47 per barrel.

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