Daily Financial Markets Report | Monday, 30 June 2014

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

Highlights

 A late-afternoon rally on Wall Street sent U.S. stocks into positive territory on Friday. The main benchmarks closed with modest gains; however the S&P 500 and Dow Jones finished the week marginally lower. European stocks finished flat Friday, and ended with losses for the week, during which concerns about euro-zone growth were underscored. Asian stocks rose early Monday morning, with the Nikkei Stock Average up 0.3%.

 Top 40 declined 0.3% to 45 651.85 and the All Share index shaved a similar margin to 50 625.37.

 Spot gold is currently trading at US$ 1 316.30oz. and Platinum at US$ 1 468.70/oz. Brent crude oil is currently trading at US$ 113.91 per barrel.

International Markets

A late-afternoon rally on Wall Street sent U.S. stocks into positive territory on Friday. The main benchmarks closed with modest gains; however the S&P 500 and Dow Jones finished the week marginally lower. European stocks finished flat Friday, and ended with losses for the week, during which concerns about euro-zone growth were underscored. Asian stocks rose early Monday morning, with the Nikkei Stock Average up 0.3%.

The S&P 500 closed 3.90 points, or 0.2%, higher at 1,961.01, but was 0.1% lower for the week. Dow Jones Industrial Average ticked up 6.36 points to 16,852.49, but the weekly loss was 0.6%. The Nasdaq Composite ended the day up 18.88 points, or 0.4% at 4,397.93 and gained 0.7% over the past wee

The Stoxx Europe 600 index rose less than 1 point at 341.97. It fell by 1.8% for the week. The U.K.’s benchmark FTSE 100 index ended up 0.3% to 6,757.77. France’s CAC 40 index fell 0.1% to 4,436.98, and Germany’s DAX 30 equity index ended up 0.1% at 9,815.17.

Hong Kong (Hang Seng Index) up 0.3% Shanghai (Shanghai Composite Index) up 0.7%.

Domestic markets

Top 40 declined 0.3% to 45 651.85 and the All Share index shaved a similar margin to 50 625.37.

Commodities

Spot gold is currently trading at US$ 1 316.30oz. and Platinum at US$ 1 468.70/oz. Brent crude oil is currently trading at US$ 113.91 per barrel.

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