Daily Financial Markets Report | Tuesday, 28 April 2015

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

Highlights

 U.S. stocks closed slightly lower Monday, with the S&P 500 and Nasdaq Composite retreating from record levels set on Friday. European stocks rose Monday, turning higher following reports that Greece has made changes to a key team negotiating with its international creditors. Hong Kong stocks were slightly weaker Tuesday, as investors took profit from state-owned oil firms after a big run up in their shares Monday, while Australia’s benchmark index slipped further from an elusive seven-year high.

 Spot gold is currently trading at US$ 1 199.90/oz. and platinum at US$ 1 142.80/oz. Brent crude oil is currently trading at US$ 64.18 per barrel.

 The US dollar is currently trading at 1.08 to the euro 1.52 to the pound and will buy 119.04 Japanese Yen or 12.02 South African Rand.

International markets

U.S. stocks closed slightly lower Monday, with the S&P 500 and Nasdaq Composite retreating from record levels set on Friday. European stocks rose Monday, turning higher following reports that Greece has made changes to a key team negotiating with its international creditors. Hong Kong stocks were slightly weaker Tuesday, as investors took profit from state-owned oil firms after a big run up in their shares Monday

The S&P 500 closed 8.76 points, or 0.4%, lower to 2 108.93, with seven of 10 main sectors posting losses. The Dow Jones Industrial Average closed down 42.17 points, or 0.2%, to 18 037.97. The Nasdaq Composite ended the session 31.84 points, or 0.6%, lower at 5,060.25, with biotechnology stocks leading the losses.

The Stoxx Europe 600 rose 1% to 412.42, with all sectors climbing out of the red.In Frankfurt, the DAX 30 shook off earlier losses and surged 1.9% to 12 039.16 and the CAC 40 switched higher, rising 1.3% to 5 268.91. The U.K.’s FTSE 100 closed at a record high, rising 0.5% to 7 103.98.

In Hong Kong, the Hang Seng Index was down 0.2% to 28 388.25, and the Nikkei Stock Average was up 0.6% at 20 101.68.

The US dollar is currently trading at 1.08 to the euro 1.52 to the pound and will buy 119.04 Japanese Yen or 12.02 South African Rand.

Domestic markets

The All-share index rose 0.92% to 55 188 while the Top-40 index was up 1.15% to 48 965. Both indices notched their biggest weekly jump in almost three months, gaining almost 3%.

Commodities

Spot gold is currently trading at US$ 1 199.90/oz. and platinum at US$ 1 142.80/oz. Brent crude oil is currently trading at US$ 64.18 per barrel.

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