Daily Financial Markets Report | Wednesday, 28 May 2014

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

Highlights

 U.S. stocks finished Tuesday with solid gains, sending the S&P 500 to a record close for the second straight session. European stocks advanced Tuesday, with the pan- European benchmark hanging at a six-year high, but AstraZeneca PLC shares were stuck in the red after Pfizer Inc. officially walked away from its pursuit of the British drug maker. Asia stocks settled mostly lower on Tuesday, but Japanese shares added to their recent run of strong gains.

 The All-share index was only 0.19% lower on 49 927.82 and the Top 40–index 0.16% lower on 44 932.45.

 Spot gold is currently trading at US$ 1 265.40oz. and Platinum at US$ 1 463.90/oz. Brent crude oil is currently trading at US$ 110.24 per barrel.

International Markets

U.S. stocks finished Tuesday with solid gains, sending the S&P 500 to a record close for the second straight session. European stocks advanced Tuesday, with the pan-European benchmark hanging at a six-year high, but AstraZeneca PLC shares were stuck in the red after Pfizer Inc. officially walked away from its pursuit of the British drug maker. Asia stocks settled mostly lower on Tuesday, but Japanese shares added to their recent run of strong gains.

The S&P 500 closed near session highs, after hitting an intraday record. The benchmark index gained 11.38 points, or 0.6%, to 1,911.91. The Nasdaq Composite ended the day up 51.26 points, or 1.2%, at 4,237.07. The Dow Jones Industrial Average gained 69.23 points, or 0.4%, to 16,675.50.

The Stoxx Europe 600 index closed up 0.2% at 344.47 after a 0.6% run higher on Monday following European parliamentary elections. Germany’s DAX 30 index turned higher by 0.5% to 9,940.82, and France’s CAC 40 index moved up 0.1% to 4,529.75. The FTSE 100 rose 0.4% to 6,844.94.

Japan’s Nikkei Average rose for a fourth straight day, ending up 0.2%. The Shanghai Composite Index down 0.3%, Hong Kong’s Hang Seng Index off 0.1%.

Domestic markets

The All-share index was only 0.19% lower on 49 927.82 and the Top 40–index 0.16% lower on 44 932.45.

Commodities

Spot gold is currently trading at US$ 1 265.40oz. and Platinum at US$ 1 463.90/oz. Brent crude oil is currently trading at US$ 110.24 per barrel.

1

Share Button