Daily Financial Markets Report | Friday, 20 March 2015

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

20 March 2015

Highlights

 U.S. stocks pulled back Thursday, taking a breather a day after a Federal Reserve-inspired rally that sent the S&P 500 to its highest close in two weeks. European stocks rose Thursday, pushing nearer to an all-time closing high, with natural-resources companies driving the gain. Hong Kong stocks weakened Friday morning, following a negative lead from the U.S. overnight.

 Spot gold is currently trading at US$ 1 169.10/oz. and platinum at US$ 1 120.00/oz. Brent crude oil is currently trading at US$ 54.30 per barrel.

 The US dollar is currently trading at 1.07 to the euro, 1.47 to the pound and will buy 120.70 Japanese Yen or 12.28 South African Rand.

International markets

U.S. stocks pulled back Thursday, taking a breather a day after a Federal Reserve-inspired rally that sent the S&P 500 to its highest close in two weeks. European stocks rose Thursday, pushing nearer to an all-time closing high, with natural-resources companies driving the gain. Hong Kong stocks weakened Friday morning, following a negative lead from the U.S. overnight.

The S&P 500 fell 10.23 points, or 0.5%, to settle at 2 089.27, as oil prices dropped and energy stocks helped lead the way lower. The Dow Jones Industrial Average fell 117.16 points, or nearly 0.7%, to end at 17 959.03. The Nasdaq Composite resisted the negative trend, edging up by 9.55 points, or 0.2%, to close at 4 992.38.

The Stoxx Europe 600 rose 0.6% to 400.83. The Germany’s DAX 30 slipped 0.2% to 11 899, 40. The France’s CAC 40 rose 0.1% to 5,037.18. The U.K.’s FTSE 100 which is heavily weighted by energy and mining shares rose 0.3% to 6 962.32.

The Hang Seng Index was down 0.2% and the Shanghai Composite Index was up 0.2%.

The US dollar is currently trading at 1.07 to the euro, 1.47 to the pound and will buy 120.70 Japanese Yen or 12.28 South African Rand.

Domestic markets

The Top-40 index closed 1.12% higher at 46 699 after jumping more than 2%. The broader All-share index climbed 1.06% to 52 741.

Commodities

Spot gold is currently trading at US$ 1 169.10/oz. and platinum at US$ 1 120.00/oz. Brent crude oil is currently trading at US$ 54.30 per barrel.

Share Button