Daily Financial Markets Report | Monday, 13 April 2015

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

Highlights

 U.S. stocks ended the session higher on Friday, with the main benchmarks booking their second straight weekly gain. European stocks closed at a record high Friday, aided as the euro moved lower, leaving the benchmark Stoxx Europe 600 with its strongest week in more than two months. In a move meant to ease tensions between Hong Kong residents and the mainland Chinese tourists who visit their city, China announced a new internal visa policy Monday that will cut visits to Hong Kong by residents from the neighbouring city of Shenzhen.

 Spot gold is currently trading at US$ 1 203.60/oz. and platinum at US$ 1 169.70/oz. Brent crude oil is currently trading at US$ 57.96 per barrel.

 The US dollar is currently trading at 1.06 to the euro 1.46 to the pound and will buy 120.35 Japanese Yen or 12.06 South African Rand.

International markets

U.S. stocks ended the session higher on Friday, with the main benchmarks booking their second straight weekly gain. European stocks closed at a record high Friday, aided as the euro moved lower, leaving the benchmark Stoxx Europe 600 with its strongest week in more than two months. In a move meant to ease tensions between Hong Kong residents and the mainland Chinese tourists who visit their city, China announced a new internal visa policy Monday that will cut visits to Hong Kong by residents from the neighbouring city of Shenzhen.

The S&P 500 closed 10.88 points, or 0.5%, higher at 2 102.05 and recorded a 1.7% gain over the week. The Dow Jones Industrial Average added 98.92 points, or 0.6%, to 18 057.65 and gained 1.7% over the week. The Nasdaq Composite ended the session up 21.41 points, or 0.4%, to 4 995.98 and recorded a 2.2% weekly gain.

The Stoxx Europe 600 climbed 0.9% to 412.93, as all sectors gained ground. The Germany’s DAX 30 bounced to a new record closing high, rising 1.7% to 12 374.73. The CAC 40 ended up 0.6% at 5 240.46. The U.K.’s FTSE 100 notched a new record high, rising 1.1% to 7 089.77.

The Hang Seng Index was up 1.1% and the Shanghai Composite Index was up 1.6%.

The US dollar is currently trading at 1.06 to the euro 1.46 to the pound and will buy 120.35 Japanese Yen or 12.06 South African Rand.

Domestic markets

The All-share index was on a new intraday high of 53 381 points, 0.75% higher than Thursday’s close. The Top 40-index was 0.69% higher at 47 105 after reaching 47 139 earlier in the day.

Commodities

Spot gold is currently trading at US$ 1 203.60/oz. and platinum at US$ 1 169.70/oz. Brent crude oil is currently trading at US$ 57.96 per barrel.

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