Daily Financial Markets Report | Friday, 24 April 2015

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

Highlights

 U.S. stocks posted records on Thursday on the back of relatively modest gains, which saw the Nasdaq Composite close at its highest level ever as the S&P 500 flirted with a record close. European stocks dropped Thursday, marking a second consecutive daily loss, after economic data for the Eurozone fell short of expectations. Hong Kong stocks bounced modestly higher Friday morning following a mild retreat in the previous day, though the Shanghai market pulled back from its latest seven-year closing high.

 Spot gold is currently trading at US$ 1 192.00/oz. and platinum at US$ 1 136.00/oz. Brent crude oil is currently trading at US$ 64.67 per barrel.

 The US dollar is currently trading at 1.08 to the euro 1.50 to the pound and will buy 119.34 Japanese Yen or 12.14 South African Rand.

International markets

U.S. stocks posted records on Thursday on the back of relatively modest gains, which saw the Nasdaq Composite close at its highest level ever as the S&P 500 flirted with a record close. European stocks dropped Thursday, marking a second consecutive daily loss, after economic data for the Eurozone fell short of expectations. Hong Kong stocks bounced modestly higher Friday morning following a mild retreat in the previous day, though the Shanghai market pulled back from its latest seven-year closing high.

The S&P 500 ended 4.97 points, or 0.2%, higher at 2 112.93, retreating from an intraday record of 2 120.52 set on Thursday, while the Dow Jones Industrial Average added a relatively mundane 20.42 points, or 0.1%, to close higher at 18 058.69. The record-setting Nasdaq Composite end up 20.89 points, or 0.4%, at 5 056, surpassing a 15-year closing high set March 10, 2000 during the dot-com boom.

The Stoxx Europe 600 lost 0.4% to end at 407.18. The Germany’s DAX 30 dropped 1.2% to 11 723.58, its biggest decline in nearly a week. The CAC 40 fell 0.6% to 5 178.91. The U.K.’s FTSE 100 turned higher by 0.4% to 7 053.67.

The Hang Seng Index was down 0.7% and the Shanghai Composite Index was down 1.8%.

The US dollar is currently trading at 1.08 to the euro 1.50 to the pound and will buy 119.34 Japanese Yen or 12.14 South African Rand.

Domestic markets

The All-share index was 0.42% higher at 54 515 points, beating Wednesday’s record close of 54 242 points. The Top 40-index was firmly above 48 000 – regarded by some analysts as an important resistance level – and traded 0.50% higher at 48 237.67 points.

Commodities

Spot gold is currently trading at US$ 1 192.00/oz. and platinum at US$ 1 136.00/oz. Brent crude oil is currently trading at US$ 64.67 per barrel.

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