Daily Financial Markets Report| Friday, 06 March 2015

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

Highlights

 U.S. stocks ended Thursday’s choppy session with modest gains. Stocks dipped into negative territory at midday, but recovered to close slightly higher. European stocks climbed to multiyear highs Thursday as the European Central Bank further outlined its massive asset-buying program, setting a time for the launch of the trillion-dollar program for Monday. Hong Kong stocks swung between positive and negative territory Friday morning after three straight sessions of declines, as the Hang Seng Index % eased 0.1% following a higher open.

 Spot gold is currently trading at US$ 1 195.90/oz. and platinum at US$ 1 182.50/oz. Brent crude oil is currently trading at US$ 60.81 per barrel.

 The US dollar is currently trading at 1.10 to the euro, 1.52 to the pound and will buy 120.01 Japanese Yen or 11.82 South African Rand.

International markets

U.S. stocks ended Thursday’s choppy session with modest gains. Stocks dipped into negative territory at midday, but recovered to close slightly higher. European stocks climbed to multiyear highs Thursday as the European Central Bank further outlined its massive asset-buying program, setting a time for the launch of the trillion-dollar program for Monday. Hong Kong stocks swung between positive and negative territory Friday morning after three straight sessions of declines, as the Hang Seng Index % eased 0.1% following a higher open.

The S&P 500 closed 2.53 points, or 0.1%, higher at 2 101.06. The Dow Jones Industrial Average added 38.82 points, or 0.2%, to 18 135.72. The Nasdaq Composite ended the day up 15.67 points, or 0.3%, at 4 982.81.

The Stoxx 600 sprang up 0.8% to 393.78, continuing its recent run of record highs. The Germany’s DAX 30 ended a fresh all-time high as it jumped 1% to 11 504.01. The U.K.’s FTSE 100 also scored its best close on record as it rose 0.6% to 6 961.14. The France’s CAC 40 surged 0.9% to 4 963.51, its highest close of the year.

The Hang Seng Index was flat and Shanghai Composite Index was up 0.4%.

The US dollar is currently trading at 1.10 to the euro, 1.52 to the pound and will buy 120.01 Japanese Yen or 11.82 South African Rand.

Domestic markets

The benchmark JSE Top-40 index gained 0.77% to 47 105 and the broader All-share index added 0.75% to 53 285.

Commodities

Spot gold is currently trading at US$ 1 195.90/oz. and platinum at US$ 1 182.50/oz. Brent crude oil is currently trading at US$ 60.81 per barrel.

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