Daily Financial Markets Report | Monday, 7 July 2014

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

Highlights

 European stocks were hit when market heavyweight Erste Group Bank warned of a hefty annual loss. Asian stocks rose Friday following an upbeat employment report in the U.S. U.S. markets was closed on Friday.

 Spot gold is currently trading at US$ 1 318.70/oz. and platinum at US$ 1 503.10/oz. Brent crude oil is currently trading at US$ 110.65 per barrel.

 The US dollar is currently trading at 1.35 to the euro, 1.71 to the pound and will buy 102.09 Japanese Yen or 10.76 South African Rand.

International markets

European stocks were hit when market heavyweight Erste Group Bank warned of a hefty annual loss. Asian stocks rose Friday following an upbeat employment report in the U.S. U.S. markets was closed on Friday.

The Stoxx Europe 600 index shed 0.3% at 347.95.. In Paris the CAC 40 equity index fell 0.5% to 4 468.98, and Germany’s DAX 30 gave up 0.2% to 10 009.08. The U.K.’s FTSE 100 index edged up less than 1 point to close at 6 866.05.

Japan’s Nikkei 225 rose 0.6% to 15 437.13, closing at a fresh five-month high. Australia’s S&P/ASX 200 rose 0.6% to 5 525.00. Hong Kong’s Hang Seng Index edged up 0.1% to 23 546.36.

The US dollar is currently trading at 1.35 to the euro, 1.71 to the pound and will buy 102.09 Japanese Yen or 10.76 South African Rand.

Domestic markets

On Friday both the Top 40 and the All-share indices traded 0.3% higher, their highest close ever, ending at 47 080 and 52 060 points respectively.

Commodities

Spot gold is currently trading at US$ 1 318.70/oz. and platinum at US$ 1 503.10/oz. Brent crude oil is currently trading at US$ 110.65 per barrel.

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