Daily Financial Markets Report | Thursday, 02 April 2015

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

Highlights

 April Fools’ Day, indeed. U.S. stocks kicked off the month, and the start of the second quarter, on a sour note, with the main benchmarks ending Wednesday’s session with modest losses as a batch of weaker-than-expected economic reports further eroded confidence. European stock markets started April on a strong footing on Wednesday after a solid round of manufacturing data, partly recovering from sharp losses the prior day when investors banked profit ahead of the new quarter. Hong Kong stocks headed toward their fourth straight day of gains, with the benchmark Hang Seng Index up 0.4%.

 Spot gold is currently trading at US$ 1 204.30/oz. and platinum at US$ 1 162.90/oz. Brent crude oil is currently trading at US$ 56.81 per barrel.

 The US dollar is currently trading at 1.07 to the euro, 1.48 to the pound and will buy 119.53 Japanese Yen or 11.97 South African Rand.

International markets

April Fools’ Day, indeed. U.S. stocks kicked off the month, and the start of the second quarter, on a sour note, with the main benchmarks ending Wednesday’s session with modest losses as a batch of weaker-than-expected economic reports further eroded confidence. European stock markets started April on a strong footing on Wednesday after a solid round of manufacturing data, partly recovering from sharp losses the prior day when investors banked profit ahead of the new quarter. Hong Kong stocks headed toward their fourth straight day of gains, with the benchmark Hang Seng Index up 0.4%.

The S&P 500 closed 8.20 points, or 0.4%, lower at 2 059.69. The Dow Jones Industrial Average dropped as much as 190 points in early trade, but recovered some of the losses to end the session 77.94 points, or 0.4%, lower at 17 698.18. The Nasdaq Composite ended the session down 20.66 points, or 0.4%, to 4 880.23.

The Stoxx 600 added 0.3% to close at 398.52. The Germany’s DAX 30 rose 0.3% to 12 001.38 on Wednesday, while France’s CAC 40 index put on 0.6% to 5 062.22. The U.K.’s FTSE 100 index climbed 0.5% to 6 809.50.

The Nikkei Stock Average was up 1.2% at 19,255.32 and the Hang Seng Index was up 0.4% to 25 177.61.

The US dollar is currently trading at 1.07 to the euro, 1.48 to the pound and will buy 119.53 Japanese Yen or 11.97 South African Rand.

Domestic markets

The Top-40 index up 0.2% to 46 128 and the All-share index added 0.2% to 52 281.

Commodities

Spot gold is currently trading at US$ 1 204.30/oz. and platinum at US$ 1 162.90/oz. Brent crude oil is currently trading at US$ 56.81 per barrel.

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