Daily Financial Markets Report | Monday 23 June 2014

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

Highlights

 U.S. stocks saw modest gains Friday, pushing the S&P 500 and Dow industrials to the latest in a string of record closes and lifting the Nasdaq Composite to its strongest finish in 14 years. European stock markets erased earlier gains in the afternoon on Friday and closed mostly lower after euro-zone consumer confidence unexpectedly weakened in June. U.K.’s FTSE 100 advanced as Shire shares rallied after a takeover rebuff. Asian markets were mixed on Friday, with Hong Kong edging higher, while Australia gave up a large chunk of the hefty gains it made in the previous session.

 Spot gold is currently trading at US$ 1 312.70/oz. and platinum at US$ 1 449.90/oz. Brent crude oil is currently trading at US$ 115.24 per barrel.

 The US dollar is currently trading at 1.35 to the euro, 1.69 to the pound and will buy 102.04 Japanese Yen or 10.70 South African Rand.

International markets

U.S. stocks saw modest gains Friday, pushing the S&P 500 and Dow industrials to the latest in a string of record closes and lifting the Nasdaq Composite to its strongest finish in 14 years. European stock markets erased earlier gains in the afternoon on Friday and closed mostly lower after euro-zone consumer confidence unexpectedly weakened in June. U.K.’s FTSE 100 advanced as Shire shares rallied after a takeover rebuff. Asian markets were mixed on Friday, with Hong Kong edging higher, while Australia gave up a large chunk of the hefty gains it made in the previous session.

The S&P 500 rose 3.39 points, or 0.2%, to close at 1 962.87, bringing its win streak to six days and notching a record close for the third day in a row and for the 22nd time this year. The Dow Jones Industrial Average gained 25.62 points, or 0.2%, to close at 16 947.08, also setting a record high and extending its win streak to six sessions — the longest since December. The index gained a little more than 1% on the week. The Nasdaq Composite rose 8.71 points, or 0.2%,to end at 4 368.04, its highest finish since April 2000. The tech-heavy index saw a 1.3% weekly rise.

The Stoxx Europe 600 index closed marginally lower at 348.09 and ended the week up 0.3%. Germany’s DAX 30 index ended 0.2% lower at 9 987.24, trimming its weekly gain to 0.8%. France’s CAC 40 index dropped 0.5% to 4 541.34, sending it slightly lower for the week. The U.K.’s FTSE 100 index, however, gained 0.3% to 6 825.20. The benchmark ended the week 0.7% higher.

Australia’s S&P ASX 200 lost 0.9% to 5 419.50, giving up more than half of the 1.6% rise it enjoyed on Thursday. Japan’s Nikkei made a more moderate loss — ending down 0.1% at 15 349.42.

The US dollar is currently trading at 1.36 to the euro, 1.70 to the pound and will buy 101.93 Japanese Yen or 10.67 South African Rand.

Domestic markets

The All share-index increased by 0.16% to 51 356 points on Friday, while the Top 40-index traded 0.20% stronger on 46 364 points. The Gold index improved with a solid 3.23%, while the Resources index was 0.43% higher and the Industrial index 0.16%.

Commodities

Spot gold is currently trading at US$ 1 312.70/oz. and platinum at US$ 1 449.90/oz. Brent crude oil is currently trading at US$ 115.24 per barrel.

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