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Daily Financial Markets Report
Thursday, 06 May 2010
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5 workday % change
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Thurs
29/04
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Fri
30/04
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Mon
03/05
|
Tues
04/05
|
Wed
05/05
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Thurs
06/05
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Daily % change
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|
JSE ALSI
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-3.2
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28524
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28716
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28636
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28631
|
27936
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27617
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-1.14
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JSE Top 40
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-3.5
|
25518
|
25718
|
25630
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25600
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24887
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24616
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-1.10
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R/US$
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-2.1
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7.47
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7.35
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7.35
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7.41
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7.55
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7.63
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1.05
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R/€
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0.1
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9.83
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9.73
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9.78
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9.77
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9.84
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9.82
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-0.20
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R/£
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-1.7
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11.31
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11.21
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11.22
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11.26
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11.39
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11.50
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0.96
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US$/€
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-1.4
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1.314
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1.322
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1.328
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1.319
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1.303
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1.296
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-0.54
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Gold (US$/oz)
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0.0
|
1173
|
1165
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1179
|
1184
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1175
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1173
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-0.17
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Platinum (US$/oz)
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-3.5
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1703
|
1712
|
1738
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1724
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1681
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1644
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-2.25
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Brent Crude Oil (US$/barrel)
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-1.4
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84.26
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85.85
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85.57
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88.97
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86.97
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83.10
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-4.66
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Barrels/1 oz gold
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1.4
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13.92
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13.57
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13.78
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13.31
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13.51
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14.12
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4.32
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R157 bond (%)
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0.22
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7.84
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7.80
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7.79
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7.83
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7.90
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8.06
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1.99
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Note: Data at close of previous trading day.
International markets
US equity markets fell yesterday as further signs emerged that the fallout from the Greek debt crisis could spread to other European economies. European leaders warned that the debt crisis could extend beyond Greece, and Moody's Investors Service said Portugal could be next to have its debt downgraded, thus stoking fears that a contagion effect could cause complicated international debt arrangements to topple. European equity markets closed lower as market sentiment was impacted negatively by the threat of a growing debt crisis in the Eurozone, thereby offsetting positive results from InBev and a rise in US private sector jobs. Japanese equity markets were closed for a national holiday.
The euro sank to a new one-year low against the US dollar, with its sell-off deepening as fears about contagion in the Eurozone gripped investors. The US dollar was the chief beneficiary of the rising global risk aversion.
Domestic markets
The JSE all-share index closed 1,14 per cent weaker, in line with global equity markets, amid continued concerns over Europe after credit rating agency Moody's said it may downgrade Portugal's sovereign debt, while violent protests hit the streets of Athens. The local bourse did, however, come off its earlier lows. The resources, platinum and industrials indices fell by 0,41 per cent, 3,14 per cent and 1,60 per cent respectively. The banks index lost 2,57 per cent and the financials index was 1,68 per cent weaker. Conversely, the gold index gained 0,21 per cent.
The rand weakened against major currencies, in line with the euro. The local currency is currently trading at R7,65 per US dollar, at R9,81 per euro, and at R11,57 per pound sterling.
South African bonds retreated yesterday amid a softer rand and as Europe's debt woes worsened.
Commodities
Gold forfeited its safe-haven status to the US dollar, and continued to give up ground after dropping sharply overnight due to a broad sell-off in commodities and shares. Spot gold is currently trading at US$1 173/oz.
Oil prices fell yesterday as fears intensified that Greece's debt crisis could spread to other Eurozone countries, which could derail the global economic recovery and reduce energy demand. Brent crude oil is currently trading at US$82,36/barrel.
Source: SACCi Wednesday 06 May 2010 |
