Daily Financial Markets Report | Monday, 04 May 2015

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

Highlights

 U.S. stocks ended the week on a high note, with the main indexes advancing more than 1% on Friday. But the main benchmarks still posted modest losses over the week. European stocks fell Thursday and notched its first monthly loss of 2015, as investors weighed a rise in the euro and concerns about slowing global growth. Hong Kong stocks struggled to keep their head above water Monday morning after HSBC’s final version of its Chinese manufacturing index showed the biggest fall in a year.

 Spot gold is currently trading at US$ 1 183.00/oz. and platinum at US$ 1 134.00/oz. Brent crude oil is currently trading at US$ 65.50 per barrel.

 The US dollar is currently trading at 1.12 to the euro 1.52 to the pound and will buy 120.01 Japanese Yen or 12.07 South African Rand.

International markets

U.S. stocks ended the week on a high note, with the main indexes advancing more than 1% on Friday. But the main benchmarks still posted modest losses over the week. European stocks fell Thursday and notched its first monthly loss of 2015, as investors weighed a rise in the euro and concerns about slowing global growth. Hong Kong stocks struggled to keep their head above water Monday morning after HSBC’s final version of its Chinese manufacturing index showed the biggest fall in a year.

The S&P 500 closed 22.78 points, or 1.1%, higher at 2 108.29, but finished the week 0.4% lower. The Dow Jones Industrial Average jumped 183.54 points, or 1%, to 18 024.06, but posted a 0.3% loss over the week. The Nasdaq Composite gained 63.97 points, or 1.3%, to 5 005.39, but ended the week with a 1.7% loss, mostly due to a large selloff in biotechnology industry.

The Stoxx Europe 600 gave up 0.4% to close at 395.79. The CAC 40 rose 0.14% to 5 046. The Germany’s DAX On Thursday, the DAX rose 0.2% to 11 454.28, but closed April lower by 4.3%. The U.K.’s FTSE 100 rose 0.36% to 6 986.

The Hang Seng Index was up 0.4% and the Shanghai Composite Index was up 1%.

The US dollar is currently trading at 1.12 to the euro 1.52 to the pound and will buy 120.01 Japanese Yen or 12.07 South African Rand.

Domestic markets

The blue chips Top-40 index fell 0.21% to 48 195 and the broader All-Share index slipped 0.19% to 54 440.

Commodities

Spot gold is currently trading at US$ 1 183.00/oz. and platinum at US$ 1 134.00/oz. Brent crude oil is currently trading at US$ 65.50 per barrel.

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