Daily Financial Markets Report | Thursday, 12 March 2015

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

Highlights

 U.S. stocks closed slightly lower Wednesday, building a little on losses from the previous day, when a dollar surge and growing expectations of a rate hike by the Federal Reserve helped trigger the Dow’s biggest point drop in five months. Stocks across Europe rallied Wednesday, with further declines in the euro pushing the pan-European market’s benchmark to a fresh multiyear high and the German market to a fresh record. Hong Kong stocks bounced between small gains and losses Thursday morning following a seven-day losing streak.

 Spot gold is currently trading at US$ 1 160.10/oz. and platinum at US$ 1 126.50/oz. Brent crude oil is currently trading at US$ 58.10 per barrel.

 The US dollar is currently trading at 1.05 to the euro, 1.49 to the pound and will buy 121.36 Japanese Yen or 12.26 South African Rand.

International markets

U.S. stocks closed slightly lower Wednesday, building a little on losses from the previous day, when a dollar surge and growing expectations of a rate hike by the Federal Reserve helped trigger the Dow’s biggest point drop in five months. Stocks across Europe rallied Wednesday, with further declines in the euro pushing the pan-European market’s benchmark to a fresh multiyear high and the German market to a fresh record. Hong Kong stocks bounced between small gains and losses Thursday morning following a seven-day losing streak.

The S&P 500 finished lower by 3.92 points, or 0.2%, at 2 040.24 after switching between small gains and losses throughout the session. The Dow Jones Industrial Average closed down by 27.55 points, or 0.2%, to 17 635.39, while the Nasdaq Composite lost 9.85 points, or 0.2%, to end at 4 849.94.

The Stoxx Europe 600 leapt 1.5% to 395.48, following two consecutive declines that had knocked the index back about 1.1%. The Germany’s DAX 30 rallied 2.7% to 11 805.99, notching a new record close. The France’s CAC 40 climbed 2.4% to 4 997.75. The U.K.’s FTSE 100 was up a more modest 0.3% at 6 721.51.

The Hang Seng Index was up 0.6% and the Shanghai Composite Index was up 1.9%.

The US dollar is currently trading at 1.05 to the euro, 1.49 to the pound and will buy 121.36 Japanese Yen or 12.26 South African Rand.

Domestic markets

The All-share index was only 0.27% lower at 51 946, despite the resources sector slipping another 1.64% .The Top 40-index was also 0.22% softer at 45 825.87.

Commodities

Spot gold is currently trading at US$ 1 160.10/oz. and platinum at US$ 1 126.50/oz. Brent crude oil is currently trading at US$ 58.10 per barrel.

sacci

Share Button