Daily Financial Markets Report | Monday, 2 June 2014

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

Highlights

 U.S. stocks in May posted the biggest monthly gains since February, with the S&P 500 and Dow Jones Industrial Average finishing the month at records. U.K. stocks fell for the first time in four days on Friday, with a drop in mining shares yanking the FTSE 100 into red territory. Asia stocks were mostly lower on Friday, with Japan’s Nikkei snapping a six-day winning streak, while Hong Kong closed positive on the last trading day of May.

 The All-share was marginally lower on 49 713 points and the Top 40 index lost 0.3% to 44 730 points.

 Spot gold is currently trading at US$ 1 242.80oz. and Platinum at US$ 1 443.50/oz. Brent crude oil is currently trading at US$ 109.66 per barrel.

International Markets

U.S. stocks in May posted the biggest monthly gains since February, with the S&P 500 and Dow Jones Industrial Average finishing the month at records. U.K. stocks fell for the first time in four days on Friday, with a drop in mining shares yanking the FTSE 100 into red territory. Asia stocks were mostly lower on Friday, with Japan’s Nikkei snapping a six-day winning streak, while Hong Kong closed positive on the last trading day of May.

The S&P 500 closed up 3.5 points, or 0.2%, to 1,923.57. The Dow rose 18.4 points, or 0.1%, to 16,717.17. The NASDAQ fell 5.3 points, or 0.1%, to 4,242.62.

The Stoxx Europe 600 fell 0.1% to close at 344.24, but ended the week 0.7% higher. Germany’s DAX 30 index ended Friday slightly higher at 9,943.27. France’s CAC 40 also fell, by 0.5% to 4,508.80. The FTSE 100 fell 0.2% to 6,859.55.

The Japan Nikkei Average fell 0.3%, as the yen strengthened versus the dollar. The Hang Seng Index settling 0.3% higher. For the month of May, the index notched a 4.3% gain.

Domestic markets

The All-share was marginally lower on 49 713 points and the Top 40 index lost 0.3% to 44 730 points.

Commodities

Spot gold is currently trading at US$ 1 242.80oz. and Platinum at US$ 1 443.50/oz. Brent crude oil is currently trading at US$ 109.66 per barrel.

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