Daily Financial Markets Report | Tuesday, 21 April 2015

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

Highlights

 U.S. stocks rallied on Monday, posting their biggest advance in three weeks, as better-than-expected earnings from companies helped deliver a dollop of confidence to global-equity markets after a rout in stocks on Friday. European stocks popped higher Monday, recovering from a selloff at the end of last week, after a China moved to drive growth in the world’s second-largest economy. Hong Kong stocks bounced back sharply Tuesday morning after suffering its biggest fall in four months the previous day.

 Spot gold is currently trading at US$ 1 195.40/oz. and platinum at US$ 1 150.80/oz. Brent crude oil is currently trading at US$ 63.14 per barrel.

 The US dollar is currently trading at 1.07 to the euro 1.49 to the pound and will buy 119.48 Japanese Yen or 12.16 South African Rand.

International markets

U.S. stocks rallied on Monday, posting their biggest advance in three weeks, as better-than-expected earnings from companies helped deliver a dollop of confidence to global-equity markets after a rout in stocks on Friday. European stocks popped higher Monday, recovering from a selloff at the end of last week, after a China moved to drive growth in the world’s second-largest economy. Hong Kong stocks bounced back sharply Tuesday morning after suffering its biggest fall in four months the previous day.

The S&P 500 closed 19.22 points, or 0.9%, higher at 2 100.40, with the technology sector leading broad-based gains. The Dow Jones Industrial Average jumped 208.63 points, or 1.2%, to 18 034.93, with 24 of its 30 components finishing in positive territory .The Nasdaq Composite ended the session up 62.79 points, or 1.3%, to 4 994.60.

The Stoxx Europe 600 gained 0.8% to 406.87, with all sectors ending higher. The Germany’s DAX 30 jumped 1.7% to 11,891.91, and the U.K.’s FTSE 100 leapt 0.8% to 7 052.13.The France’s CAC 40 climbed 0.9% to 5 187.59.

The Hang Seng Index was up 2.1% and the Shanghai Composite Index was up 0.7%.

The US dollar is currently trading at 1.07 to the euro 1.49 to the pound and will buy 119.48 Japanese Yen or 12.16 South African Rand.

Domestic markets

The All-share index was only 0.01% lower at 53 729 points and the Top 40-index only 0.01% firmer at 47 498.

Commodities

Spot gold is currently trading at US$ 1 195.40/oz. and platinum at US$ 1 150.80/oz. Brent crude oil is currently trading at US$ 63.14 per barrel.

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