Daily Financial Markets Report | Tuesday, 14 April 2015

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

Highlights

 U.S. stocks ended Monday’s thinly-traded session lower as concerns about potentially weak quarterly results, as well as looming interest-rate hikes, eroded confidence among investors. European stocks clung to record highs Monday, with the benchmark Stoxx Europe 600 withstanding losses among miners after dim outlooks for the iron-ore sector. Hong Kong stocks fell early Tuesday morning, retreating from a seven-year closing high as investors booked some profit after eight straight sessions of advances.

 Spot gold is currently trading at US$ 1 191.00/oz. and platinum at US$ 1 148.40/oz. Brent crude oil is currently trading at US$ 58.31 per barrel.

 The US dollar is currently trading at 1.05 to the euro 1.46 to the pound and will buy 119.79 Japanese Yen or 12.13 South African Rand.

International markets

U.S. stocks ended Monday’s thinly-traded session lower as concerns about potentially weak quarterly results, as well as looming interest-rate hikes, eroded confidence among investors. European stocks clung to record highs Monday, with the benchmark Stoxx Europe 600 withstanding losses among miners after dim outlooks for the iron-ore sector. Hong Kong stocks fell early Tuesday morning, retreating from a seven-year closing high as investors booked some profit after eight straight sessions of advances.

The S&P 500 closed 9.62 points, or 0.5%, lower at 2 092.44, with nine of its 10 main sectors finishing with losses. The Dow Jones Industrial Average lost 80.61 points, or 0.5%, to 17 977.04, with 25 of its 30 components closing lower. The Nasdaq Composite ended the session down 7.7 points, or 0.2%, to 4 988.25, unable to stay above the 5,000 level.

The Stoxx Europe 600 closed up 0.2% at 413.63. But Germany’s DAX 30 fell 0.3% to 12,338.73. The CAC 40 rose 0.3% to 5 254.12.The U.K.’s FTSE 100 which lost 0.4% to 7 064.30, stepping from a record closing high set on Friday.

The Hang Seng Index was down 0.8% and the Shanghai Composite Index was up 0.9%.

The US dollar is currently trading at 1.05 to the euro 1.46 to the pound and will buy 119.79 Japanese Yen or 12.13 South African Rand.

Domestic markets

The All-share index was also 0.56% up at another high of 53 666, after surging to 53 721. The Top 40-index was also at a new intraday high of 47 377, beating the previous high of 47 236 set on March 5 this year.

Commodities

Spot gold is currently trading at US$ 1 191.00/oz. and platinum at US$ 1 148.40/oz. Brent crude oil is currently trading at US$ 58.31 per barrel.

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