Daily Financial Markets Report | Wednesday, 18 June 2014

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

Highlights

 U.S. stocks ended Tuesday slightly higher, with the main benchmarks gaining for the third consecutive day. However, gains were muted as headlines of violence in Iraq did not abate. European stock markets ended a choppy session in positive territory on Tuesday as investors shrugged off escalating violence in Iraq and disappointing U.S. data on inflation. Asian markets were mostly down on Tuesday, with Shanghai leading the region lower, while Australia was weighed by further falls in mining stocks.

 The All-share was 0.11% higher on 50 820 points, still in reach of the 51 000 point – level. The Top 40-index was 0.06% higher on 45 830 points.

 Spot gold is currently trading at US$ 1 269.00oz. and Platinum at US$ 1 441.20/oz. Brent crude oil is currently trading at US$ 113.39 per barrel.

International Markets

U.S. stocks ended Tuesday slightly higher, with the main benchmarks gaining for the third consecutive day. However, gains were muted as headlines of violence in Iraq did not abate. European stock markets ended a choppy session in positive territory on Tuesday as investors shrugged off escalating violence in Iraq and disappointing U.S. data on inflation.

Asian markets were mostly down on Tuesday, with Shanghai leading the region lower, while Australia was weighed by further falls in mining stocks.

The S&P 500 closed 4.21 points, or 0.2%, higher at 1,941.99. The Dow Jones Industrial Average added 27.48 points, or 0.2%, to 16,808.49. The NASDAQ Composite ended the day up 16.13 points, or 0.4% at 4,337.23.

The Stoxx Europe 600 index rose 0.3% to close at 346.42, after losing 0.5% in the prior session amid a sectarian conflict in Iraq. Germany’s DAX 30 index closed 0.4% higher at 9,920.32. France’s CAC 40 index added 0.6% to 4,536.07, while the U.K.’s FTSE 100 index advanced 0.2% to 6,766.77.

Hong Kong’s Hang Seng Index fell 0.4% to 23,203.59. The Nikkei bucked the region’s downward trend starting the day 0.6% higher, as the market recovered from a 1.1% drop on Monday

Domestic markets

The All-share was 0.11% higher on 50 820 points, still in reach of the 51 000 point -level. The Top 40-index was 0.06% higher on 45 830 points.

Commodities

Spot gold is currently trading at US$ 1 269.00oz. and Platinum at US$ 1 441.20/oz. Brent crude oil is currently trading at US$ 113.39 per barrel.

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