Daily Financial Markets Report | Tuesday, 24 June 2014

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

Highlights

 U.S. stocks ended Monday’s session marginally lower, with the S&P 500 and Dow Jones Industrial Average pausing after six straight days of modest gains. European stocks fell Monday, with the market benchmark holding to losses after a report that euro-zone business activity slowed this month and as U.K. housing shares declined on the prospect of changes to mortgage rules. Asian stocks ended mixed on Monday after HSBC’s preliminary reading on China’s manufacturing activity surprised to upside.

 Spot gold is currently trading at US$ 1 316.10/oz. and platinum at US$ 1 460.80/oz. Brent crude oil is currently trading at US$ 114.05 per barrel.

 The US dollar is currently trading at 1.35 to the euro, 1.70 to the pound and will buy 101.95 Japanese Yen or 10.60 South African Rand.

International markets

U.S. stocks ended Monday’s session marginally lower, with the S&P 500 and Dow Jones Industrial Average pausing after six straight days of modest gains. European stocks fell Monday, with the market benchmark holding to losses after a report that euro-zone business activity slowed this month and as U.K. housing shares declined on the prospect of changes to mortgage rules. Asian stocks ended mixed on Monday after HSBC’s preliminary reading on China’s manufacturing activity surprised to upside.

The S&P 500 closed less than a point lower at 1 962.61. The Dow industrials shed 9.82 points, or 0.1%, to 16 937.26. The Nasdaq Composite ended the day less than a point higher at 4 368.68.

The Stoxx Europe 600 index lost 0.5% to 346.31, erasing last week’s 0.3% gain. France’s CAC 40 index fell 0.6% to 4 515.57. The FTSE 100 index fell 0.4% to 6 800.56, and Germany’s DAX 30 index lost 0.7% to 9 920.92.

Japan’s Nikkei Average rose 0.1%, closing at the highest level in about five months. The broader Topix index inched down 0.1%. Australia’s benchmark S&P/ASX 200 advanced 0.6%. South Korea’s Kospi index also settled higher, by 0.4%.

The US dollar is currently trading at 1.35 to the euro, 1.70 to the pound and will buy 101.95 Japanese Yen or 10.60 South African Rand.

Domestic markets

The Top-40 index edged 0.61% lower to 46 054. The broader All-share index was down 0.52% to 51 058.

Commodities

Spot gold is currently trading at US$ 1 316.10/oz. and platinum at US$ 1 460.80/oz. Brent crude oil is currently trading at US$ 114.05 per barrel.

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