Daily Financial Markets Report | Wednesday, 2 July 2014

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

Highlights

 US markets closed at record levels, led by gains in the health-care, tech and consumer discretionary sectors. European stocks leapt Tuesday, logging their best performance in two months, as shares of BNP Paribas SA climbed in the wake of the French bank’s nearly $9 billion settlement with U.S. authorities. It seems like there’s no stopping Asian stocks in recent sessions, after Tuesday’s 1.1% climb.

 The benchmark Top 40 index gained 1.1% to 46 481, its highest close on record, while the broader All-share index added 1.05% to 51 480.

 Spot gold is currently trading at US$ 1 326.40oz. and Platinum at US$ 1 505.40/oz. Brent crude oil is currently trading at US$ 112.30 per barrel.

International Markets

US markets closed at record levels, led by gains in the health-care, tech and consumer discretionary sectors. European stocks leapt Tuesday, logging their best performance in two months, as shares of BNP Paribas SA climbed in the wake of the French bank’s nearly $9 billion settlement with U.S. authorities. It seems like there’s no stopping Asian stocks in recent sessions, after Tuesday’s 1.1% climb.

The S&P 500 gained 13.09 points, or 0.7%, to end at 1,973.32, its 23rd record closes this year. The benchmark index hit an all-time intraday high at 1,978.62. The Dow Jones Industrial Average came within two points of 17,000 during the session. It gained 129.47 points, or 0.8%, to close at 16,956.04, its 12th record close of 2014. The Nasdaq Composite rose 50.47 points, or 1.1%, to 4,458.65, its highest level since March

The Stoxx Europe 600 index rose 0.9% to end at 344.89. It was the strongest percentage gain since a 1.2% rise on April 29, according to FactSet data. France’s CAC 40 equity index to 4,461.12. The U.K.’s FTSE 100 stock index jumped 0.9% to 6,802.92. In Frankfurt, the DAX 30 ended up 0.7% at 9,902.41.

Asia’s major stock markets: Tokyo (Nikkei Average) up 0.4% ; Hong Kong (Hang Seng Index) up 0.9% ; Shanghai (Shanghai Composite Index) down 0.3%

Domestic markets

The benchmark Top 40 index gained 1.1% to 46 481, its highest close on record, while the broader All-share index added 1.05% to 51 480.

Commodities

Spot gold is currently trading at US$ 1 326.40oz. and Platinum at US$ 1 505.40/oz. Brent crude oil is currently trading at US$ 112.30 per barrel.

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