Daily Financial Markets Report | Wednesday, 13 May 2015

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

Highlights

 U.S. stocks on Tuesday declined for a second straight session, though losses were modest after indexes recovered from a bout of selling linked to fluctuations in Treasury yields. European government bonds and stocks were hit with a renewed selloff on Tuesday, as recent signs of a return to stability in the market proved short-lived. Hong Kong stocks inched downward Wednesday morning, reversing earlier gains, with the benchmark Hang Seng Index HSI, -0.18% down 0.1%.

 The US dollar is currently trading at 1.12 to the euro 1.56 to the pound and will buy 119.90 Japanese Yen or 12.05 South African Rand.

 Spot gold is currently trading at US$ 1 191.90/oz. and platinum at US$ 1 132.70/oz. Brent crude oil is currently trading at US$ 67.61 per barrel.

International markets

U.S. stocks on Tuesday declined for a second straight session, though losses were modest after indexes recovered from a bout of selling linked to fluctuations in Treasury yields. European government bonds and stocks were hit with a renewed selloff on Tuesday, as recent signs of a return to stability in the market proved short-lived. Hong Kong stocks inched downward Wednesday morning, reversing earlier gains, with the benchmark Hang Seng Index HSI, -0.18% down 0.1%.

The S&P 500 closed 6.21 points, or 0.3%, lower at 2 099.12, with eight of its 10 main sectors finishing lower. The Dow Jones Industrial Average dropped as much 141 points, but ended 36.94 points, or 0.2%, lower at 18 068.23. The Nasdaq Composite shed 17.38 points, or 0.4%, to 4 976.19.

Stoxx Europe 600 index fell 1.3% to 396.09, breaking a two-day rally. The Germany’s DAX fell 1.7% to 11 472.41. France’s CAC 40 fell 1.1% to 4 974.65, and the U.K.’s FTSE 100 lost 1.4% to 6 933.80.

The Hang Seng Index was up 0.2% and the Shanghai Composite Index was up 0.2%.

The US dollar is currently trading at 1.12 to the euro 1.56 to the pound and will buy 119.90 Japanese Yen or 12.05 South African Rand.

Domestic markets

The All-share index on the JSE was 0.23% lower on 54 039 points and the Top 40-index was 0.17% softer on 48 018 points.

Commodities

Spot gold is currently trading at US$ 1 191.90/oz. and platinum at US$ 1 132.70/oz. Brent crude oil is currently trading at US$ 67.61 per barrel.

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