Daily Financial Markets Report | Monday, 20 April 2015

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

Highlights

 U.S. stocks sold off on Friday as a confluence of intensifying Greek default fears and new stock-market regulation from China put investors on edge. 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 lost ground early Monday, erasing their opening gains in choppy trading, and Shanghai shares struggled to stay above water, as investors reacted to a slate of measures by China’s central government to support the economy while clamping down on speculative stock-market activities.

 Spot gold is currently trading at US$ 1 202.70/oz. and platinum at US$ 1 168.70/oz. Brent crude oil is currently trading at US$ 64.31 per barrel.

 The US dollar is currently trading at 1.07 to the euro 1.49 to the pound and will buy 118.64 Japanese Yen or 12.03 South African Rand.

International markets

U.S. stocks sold off on Friday as a confluence of intensifying Greek default fears and new stock-market regulation from China put investors on edge. 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 lost ground early Monday, erasing their opening gains in choppy trading, and Shanghai shares struggled to stay above water, as investors reacted to a slate of measures by China’s central government to support the economy while clamping down on speculative stock-market activities.

The S&P 500 index closed 23.83 points, or 1.1%, lower at 2 081.16 and recorded a 1% loss over the week. The Dow Jones Industrial Average dropped 279.67 points, or 1.5%, to 17 826.10. The Nasdaq Composite ended 75.98 points down, or 1.5%, to 4 931.81, losing 1.3% over the week.

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 down 2.1% and the Shanghai Composite Index was down 1.8%.

The US dollar is currently trading at 1.07 to the euro 1.49 to the pound and will buy 118.64 Japanese Yen or 12.03 South African Rand.

Domestic markets

The benchmark Top-40 index ended 1.07% lower at 47 491 while the broader All-Share index ended almost 1% down at 53 734.

Commodities

Spot gold is currently trading at US$ 1 202.70/oz. and platinum at US$ 1 168.70/oz. Brent crude oil is currently trading at US$ 64.31 per barrel.

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