Daily Financial Markets Report | Wednesday, 20 May 2015

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

Highlights

 U.S. stocks lost steam by the end of Tuesday’s session and closed mostly lower, though Dow industrials eked out a small gain to finish at a fresh record. The euro fell hard against the U.S. dollar, while stocks and bonds surged on the prospect of the European Central Bank ramping up its asset-purchase program in May and June. Hong Kong stocks edged lower Wednesday morning, with the Hang Seng Index HSI, -0.30% down 0.3%, though the Hang Seng China Enterprises Index, or the H-shares index HSCEI, -0.02% inched 0.1% higher.

 The US dollar is currently trading at 1.11 to the euro 1.55 to the pound and will buy 120.93 Japanese Yen or 11.94 South African Rand.

 Spot gold is currently trading at US$ 1 205.10/oz. and platinum at US$ 1 150.30/oz. Brent crude oil is currently trading at US$ 64.41 per barrel.

International markets

U.S. stocks lost steam by the end of Tuesday’s session and closed mostly lower, though Dow industrials eked out a small gain to finish at a fresh record. The euro fell hard against the U.S. dollar, while stocks and bonds surged on the prospect of the European Central Bank ramping up its asset-purchase program in May and June. Hong Kong stocks edged lower Wednesday morning, with the Hang Seng Index HSI, -0.30% down 0.3%, though the Hang Seng China Enterprises Index, or the H-shares index HSCEI, -0.02% inched 0.1% higher.

The S&P 500 index closed off 1.38 points, or 0.1% at 2 127.82, breaking its three-day record-scoring streak. The Dow Jones Industrial Average eked out a gain of 13.51 points, or 0.1%, to 18 312.39, scoring a second consecutive record close. The Nasdaq Composite ended 8.41 points, or 0.2%, lower at 5 070.03.

The Germany’s DAX 30 DAX advanced 2.23% to 11 853. The France’s CAC 40 ended up about 2.09% at 5 117. The FTSE 100 UKX rose 0.1% to 6 988.87, but spent part of the session swaying between gains and losses.

The Hang Seng Index was down 0.3% and the Shanghai Composite Index was up 1.5%.

The US dollar is currently trading at 1.11 to the euro 1.55 to the pound and will buy 120.93 Japanese Yen or 11.94 South African Rand.

Domestic markets

The Resources Index drop was enough to pull the All-share index 0.16% lower at 54 323 points while the Top 40-index traded 0.20% softer at 48 166 points.

Commodities

Spot gold is currently trading at US$ 1 205.10/oz. and platinum at US$ 1 150.30/oz. Brent crude oil is currently trading at US$ 64.41 per barrel.

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