Daily Financial Markets Report | Monday, 16 March 2015

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

16 March 2015

Highlights

 U.S. stocks suffered another bout of selling on Friday and the main indexes registered losses for a third straight week. European stocks scored a win Friday, aided by another record high for German shares and a multiyear high for French equities. Hong Kong stocks swung higher Monday morning, as the Hang Seng Index recovered from a lower open to sit 0.2% higher.

 Spot gold is currently trading at US$ 1 162.30/oz. and platinum at US$ 1 119.80/oz. Brent crude oil is currently trading at US$ 54.21 per barrel.

 The US dollar is currently trading at 1.05 to the euro, 1.48 to the pound and will buy 121.16 Japanese Yen or 12.44 South African Rand.

International markets

U.S. stocks suffered another bout of selling on Friday and the main indexes registered losses for a third straight week. European stocks scored a win Friday, aided by another record high for German shares and a multiyear high for French equities. Hong Kong stocks swung higher Monday morning, as the Hang Seng Index recovered from a lower open to sit 0.2% higher.

The S&P 500 closed 12.55 points or 0.6%, lower at 2 053 and lost 0.9% over the week. The Dow Jones Industrial Average dropped 145.91 points, or 0.8%, to 17 749.31 and recorded a 0.6% loss over the week. The Nasdaq Composite % ended the day down 21.53 points, or 0.4%, at 4 871.76 and lost 1.1% over the week.

The Stoxx Europe 600 rose 0.3% to 396.61, with advances for the technology sector and the consumer goods group. The Germany’s DAX 30 shines this year. Friday’s jump of 0.9% to 11 901.61 marked the index’s strongest close on record. The France’s CAC 40 finished up 0.5% at 5 010.46, its first close above 5,000 since May 2008. The U.K.’s FTSE 100 UKX fell 0.3% to 6 740.58.

The Hang Seng Index up 0.4% and the Shanghai Composite Index was up 1.9%.

The US dollar is currently trading at 1.05 to the euro, 1.48 to the pound and will buy 121.16 Japanese Yen or 12.44 South African Rand.

Domestic markets

The Top-40 index ended 0.9% lower at 45 873, while the broader All-share index lost 0.8% to 51 799.

Commodities

Spot gold is currently trading at US$ 1 162.30/oz. and platinum at US$ 1 119.80/oz. Brent crude oil is currently trading at US$ 54.21 per barrel.

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