Daily Financial Markets Report | Wednesday, 15 April 2015

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

Highlights

 U.S. stocks ended Tuesday’s session slightly higher as gains in the energy sector lifted the benchmark S&P 500 index. European stocks dropped Tuesday, overtaken by worries about Greece’s persistent debt troubles. Hong Kong stocks pounded higher Wendesday morning despite data showing China’s economic growth eased to 7% year-on-year in the first quarter, the slowest rate in six years, as investors expected more easing measures from the Chinese government to fight the slowdown.

 Spot gold is currently trading at US$ 1 192.50/oz. and platinum at US$ 1 153.80/oz. Brent crude oil is currently trading at US$ 59.28 per barrel.

 The US dollar is currently trading at 1.06 to the euro 1.47 to the pound and will buy 119.54 Japanese Yen or 12.01 South African Rand.

International markets

U.S. stocks ended Tuesday’s session slightly higher as gains in the energy sector lifted the benchmark S&P 500 index. European stocks dropped Tuesday, overtaken by worries about Greece’s persistent debt troubles. Hong Kong stocks pounded higher Wendesday morning despite data showing China’s economic growth eased to 7% year-on-year in the first quarter, the slowest rate in six years, as investors expected more easing measures from the Chinese government to fight the slowdown.

The S&P 500 closed 3.41 points, or 0.2%, higher at 2 095.83. The Dow Jones Industrial Average added 59.66 points, or 0.3%, to 18 036.70, with nearly two-thirds of its 30 components finishing with gains. Meanwhile, the Nasdaq Composite underperformed other indexes and closed 10 points, or 0.2%, lower at 4 977.29.

The Stoxx Europe 600 SXXP, -0.47% closed down by 0.5% at 411.70.The Germany’s DAX 30 fell 0.9% to 12 227.60. The France’s CAC 40 fell 0.7% to 5 218.06. The U.K.’s FTSE 100 turned higher by 0.2% to 7 075.26.

The Hang Seng Index was down 0.1% and the Shanghai Composite Index was down 1.1%.

The US dollar is currently trading at 1.06 to the euro 1.47 to the pound and will buy 119.54 Japanese Yen or 12.01 South African Rand.

Domestic markets

The All-share index was 0.46% lower at 53 343 points, while the Top 40-index lost 0.45% to 46893.02

Commodities

Spot gold is currently trading at US$ 1 192.50/oz. and platinum at US$ 1 153.80/oz. Brent crude oil is currently trading at US$ 59.28 per barrel.

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