Daily Financial Markets Report | Friday, 17 April 2015

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

Highlights

 U.S. stocks closed slightly lower Thursday following a session of slight gains and declines as investors digested a mixed batch of economic reports and Federal Reserve speakers in light of a stream of better-than-expected earnings. European stocks on Thursday dropped from a record high as investors kept an eye on Greece’s debt situation and sifted through corporate financial updates. Hong Kong stocks rose Friday morning, extending gains following two straight sessions of advances, while the Shanghai market rallied on from a fresh seven-year closing high the previous day, led by a surge in nuclear-related shares.

 Spot gold is currently trading at US$ 1 198.00/oz. and platinum at US$ 1 163.50/oz. Brent crude oil is currently trading at US$ 63.51 per barrel.

 The US dollar is currently trading at 1.07 to the euro 1.49 to the pound and will buy 118.95 Japanese Yen or 11.96 South African Rand.

International markets

U.S. stocks closed slightly lower Thursday following a session of slight gains and declines as investors digested a mixed batch of economic reports and Federal Reserve speakers in light of a stream of better-than-expected earnings. European stocks on Thursday dropped from a record high as investors kept an eye on Greece’s debt situation and sifted through corporate financial updates. Hong Kong stocks rose Friday morning, extending gains following two straight sessions of advances, while the Shanghai market rallied on from a fresh seven-year closing high the previous day, led by a surge in nuclear-related shares.

The S&P 500 index declined 1.64 points to finish at 2 104.99.The Dow Jones Industrial Average which was up as high as 57 points on the session, closed down 6.84 points at 18 105.77. The tech-heavy Nasdaq Composite retreated 3.23 points to close at 5 007.79.

The Stoxx Europe 600 fell 0.8% to 410.93. The Germany’s DAX 30 fell 1.9% to 11 998.86 and France’s CAC 40 lost 0.6% to 5,224.49. The U.K.’s FTSE 100 dropped 0.5% to 7 060.45, also pulling back from a record closing high set on Wednesday.

The Hang Seng Index was up 0.5% and the Shanghai Composite Index was up 2.4%.

The US dollar is currently trading at 1.07 to the euro 1.49 to the pound and will buy 118.95 Japanese Yen or 11.96 South African Rand.

Domestic markets

The All-share index was again 0.52% higher on a new high of 53 997 points, earlier even trading above 54 000 for the first time when it reached an intraday high of 54 094. The Top 40-index also opened above Wednesday’s record and gained another 0.59% to a new record of 47 731.

Commodities

Spot gold is currently trading at US$ 1 198.00/oz. and platinum at US$ 1 163.50/oz. Brent crude oil is currently trading at US$ 63.51 per barrel.

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