Daily Financial Markets Report | Friday, 30 May 2014

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

Highlights

 The U.S. stock market rose Thursday, pushing the S&P 500 to an intraday high and its 13th record close this year. European stocks edged down Thursday, following up on a pullback in the previous session that stopped a five-day winning streak. Asian stocks ended mostly lower on Thursday, but Tokyo shares slightly rose, extending their winning streak to six sessions.

 Johannesburg’s All-share index edged up 0.07% to 49 726.64, while the benchmark Top-40 index crept up just 0.03% to 44 744.80.

 Spot gold is currently trading at US$ 1 257.00oz. and Platinum at US$ 1 466.60/oz. Brent crude oil is currently trading at US$ 110.04 per barrel.

International Markets

The U.S. stock market rose Thursday, pushing the S&P 500 to an intraday high and its 13th record close this year. European stocks edged down Thursday, following up on a pullback in the previous session that stopped a five-day winning streak. Asian stocks ended mostly lower on Thursday, but Tokyo shares slightly rose, extending their winning streak to six sessions.

The S&P 500 rallied into the close and finished at its intraday record level, adding 10.25 points, or 0.5%, to 1,920.03. The Dow Jones Industrial Average added 65.56 points, or 0.4%, to 16,698.74. The NASDAQ Composite ended the day up 22.87 points, or 0.5%, at 4,247.95.

The Stoxx Europe 600 shed 0.1% to 344.06, anchored by a 5.3% drop in Kingfisher PLC shares. The U.K.’s FTSE 100 rose 0.2% to 6,866.03, Germany’s DAX 30 fell 0.2% and France’s CAC 40 fell 0.2% to 4,524.69.

The Nikkei Average inched up 0.1%. The Hang Seng Index finished the day with a 0.3% loss, turned lower as falling tech stocks and casinos dragged down the benchmark index.

Domestic markets

Johannesburg’s All-share index edged up 0.07% to 49 726.64, while the benchmark Top-40 index crept up just 0.03% to 44 744.80.

Commodities

Spot gold is currently trading at US$ 1 257.00oz. and Platinum at US$ 1 466.60/oz. Brent crude oil is currently trading at US$ 110.04 per barrel.

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