Daily Financial Markets Report | Monday, 30 March 2015

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

Highlights

 U.S. stocks broke a four-day losing streak by closing slightly higher on Friday, but still posted the biggest weekly loss since the end of January. European stocks finished higher Friday, but the region’s key benchmark saw its lengthy string of weekly wins come to an end. Hong Kong stocks extended their losses Friday morning, as oil shares were mostly weaker amid concerns about earnings despite recent gains for crude futures.

 Spot gold is currently trading at US$ 1 193.00/oz. and platinum at US$ 1 131.70/oz. Brent crude oil is currently trading at US$ 55.90 per barrel.

 The US dollar is currently trading at 1.08 to the euro, 1.49 to the pound and will buy 119.24 Japanese Yen or 12.06 South African Rand.

International markets

U.S. stocks broke a four-day losing streak by closing slightly higher on Friday, but still posted the biggest weekly loss since the end of January. European stocks finished higher Friday, but the region’s key benchmark saw its lengthy string of weekly wins come to an end. Hong Kong stocks extended their losses Friday morning, as oil shares were mostly weaker amid concerns about earnings despite recent gains for crude futures.

The S&P 500 closed 4.87 points, or 0.2%, higher at 2 061.02, but lost 2.2% over the week. The Dow Jones Industrial Average ended the session up 34.43 points, or 0.2% at 17 712.66, but recorded a 2.3% decline over the past week. The Nasdaq Composite added 27.86 points, or 0.6%, to 4 891.22.

The Stoxx Europe 600 rose 0.3% to 395.54, with financial and industrial shares losing ground. The Germany’s DAX 30 ended this week down 1.4%. On Friday, the DAX picked up 0.2% at 11 868.33. The CAC 40 on Friday rose 0.6% to 5 034.06. The U.K.’s FTSE 100 fell 0.6% to 6 855.02.

The Hang Seng Index was up 1.5% and the Shanghai Composite Index was up 1.6%.

The US dollar is currently trading at 1.08 to the euro, 1.49 to the pound and will buy 119.24 Japanese Yen or 12.06 South African Rand.

Domestic markets

The benchmark Top-40 index rose 0.47% to 45 678 while the All-share index ended 0.4% higher at 51 810.

Commodities

Spot gold is currently trading at US$ 1 193.00/oz. and platinum at US$ 1 131.70/oz. Brent crude oil is currently trading at US$ 55.90 per barrel.

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