Daily Financial Markets Report | Monday, 09 March 2015

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

Highlights

 U.S. stocks sold off on Friday and recorded a second straight week of losses. The benchmark S&P 500 suffered its steepest decline in two months European stocks ended modestly higher Friday and extended their weekly win streak ahead of the start of a massive asset-purchase program aimed at bolstering inflation levels and growth in the Eurozone. Hong Kong and Shanghai stocks each posted a solid drop Monday morning, after U.S. stocks suffered heavy losses Friday last week.

 Spot gold is currently trading at US$ 1 169.20/oz. and platinum at US$ 1 154.80/oz. Brent crude oil is currently trading at US$ 59.30 per barrel.

 The US dollar is currently trading at 1.08 to the euro, 1.51 to the pound and will buy 121.02 Japanese Yen or 12.02 South African Rand.

International markets

U.S. stocks sold off on Friday and recorded a second straight week of losses. The benchmark S&P 500 suffered its steepest decline in two months European stocks ended modestly higher Friday and extended their weekly win streak ahead of the start of a massive asset-purchase program aimed at bolstering inflation levels and growth in the Eurozone. Hong Kong and Shanghai stocks each posted a solid drop Monday morning, after U.S. stocks suffered heavy losses Friday last week.

The S&P 500 fell 29.78 points, or 1.4%, to 2 071.26 and lost 1.6% over the week. The Dow Jones Industrial Average dropped 278.94 points, or 1.5%, to 18 056.78. The Nasdaq Composite ended the day down 55.44 points, or 0.3%, at 4 927.47 and recorded 0.7% loss over the week.

The Stoxx Europe 600 closed up 0.1% at 394.18. The Germany’s DAX 30 ended Friday’s session at a fresh record close, rising 0.4% to 11 550.97 and France’s CAC 40 rose less than 1 point to 4 964.35. The U.K.’s FTSE 100 down 0.7% to 6 911.80 .

The Hong Kong was down 0.4% and Shanghai Composite Index was down 0.1%.

The US dollar is currently trading at 1.08 to the euro, 1.51 to the pound and will buy 121.02 Japanese Yen or 12.02 South African Rand.

Domestic markets

The benchmark Top-40 index gained 0.28% to 47 236 points and the broader All-share index up 0.12% at 53 347.

Commodities

Spot gold is currently trading at US$ 1 169.20/oz. and platinum at US$ 1 154.80/oz. Brent crude oil is currently trading at US$ 59.30 per barrel.

sacci

Share Button