Daily Financial Markets Report | Monday, 18 May 2015

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

Highlights

 U.S. stocks ended the day’s choppy session marginally higher Friday with the main indexes eking out weekly gains. European stock markets ended a choppy session in the red on Friday after disappointing U.S. data sent the euro firmly higher and weighed on exporters. Hong Kong stocks saw their losses widen Monday morning after China’s new home prices extended their downtrend in April.

 The US dollar is currently trading at 1.14 to the euro 1.57 to the pound and will buy 119.65 Japanese Yen or 11.82 South African Rand.

 Spot gold is currently trading at US$ 1 223.10/oz. and platinum at US$ 1 171.20/oz. Brent crude oil is currently trading at US$ 67.42 per barrel.

International markets

U.S. stocks ended the day’s choppy session marginally higher Friday with the main indexes eking out weekly gains. European stock markets ended a choppy session in the red on Friday after disappointing U.S. data sent the euro firmly higher and weighed on exporters. Hong Kong stocks saw their losses widen Monday morning after China’s new home prices extended their downtrend in April.

The S&P 500 closed 1.63 points, or 0.1%, higher at 2 122.73, a fresh record. The Dow Jones Industrial Average added 20.32 points, or 0.1%, to 18 272.56, rising 0.5% over the week. The Nasdaq Composite ended the session 2.5 points lower at 5 048.29, but managed a 0.9% gain over the week.

The Stoxx Europe 600 shaved off 0.4% to close at 396.45, ending the week with a 0.9% weekly loss. The Germany’s DAX 30 index skewed heavily toward export-driven companies and lost 1% to 11 447. The France’s CAC 40 fell 0.7% to 4 993.82, while the U.K.’s FTSE 100 UKX, -0.18% slipped 0.2% to 6 960.49.

The Hang Seng Index was down 0.9% and then Shanghai Composite Index was up 0.2%.

The US dollar is currently trading at 1.14 to the euro 1.57 to the pound and will buy 119.65 Japanese Yen or 11.82 South African Rand.

Domestic markets

The blue chip Top-40 index rose 0.2% to 47 935 and the broader All-Share index was up 0.3% to 54 028.

Commodities

Spot gold is currently trading at US$ 1 223.10/oz. and platinum at US$ 1 171.20/oz. Brent crude oil is currently trading at US$ 67.42 per barrel.

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