Daily Financial Markets Report | Monday, 21 July 2014

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

Highlights

 Spot gold is currently trading at US$ 1 311.00/oz. and platinum at US$ 1 493.90/oz. Brent crude oil is currently trading at US$ 107.23 per barrel.

 The US dollar is currently trading at 1.35 to the euro, 1.70 to the pound and will buy 101.22 Japanese Yen or 10.64 South African Rand.

 The U.S. stock market finished the volatile week with modest gains, helped by a bounce on the main benchmarks Friday. European stock markets ended the week on a soft note, but pulled off the day’s lows as investors cast aside geopolitical concerns tied to the crash of a Malaysia Airlines jet in Ukraine a day earlier. Hong Kong stocks swung between gains and losses early Monday, as investors remained cautious amid ongoing geopolitical concerns in Ukraine and the Middle East.

International markets

The U.S. stock market finished the volatile week with modest gains, helped by a bounce on the main benchmarks Friday. European stock markets ended the week on a soft note, but pulled off the day’s lows as investors cast aside geopolitical concerns tied to the crash of a Malaysia Airlines jet in Ukraine a day earlier. Hong Kong stocks swung between gains and losses early Monday, as investors remained cautious amid ongoing geopolitical concerns in Ukraine and the Middle East.

The S&P 500 rose 20.1 points, or 1%, to 1 978.22. The Dow Jones Industrial Average added 123.37 points, or 0.7%, to 17 100.18. The Nasdaq Composite jumped 68.70 points, or 1.6%, to 4 432.15, as biotech and Internet stocks rallied sharply, after steep drops the day before.

The Stoxx Europe 600 index closed down 0.1% at 339.66, adding to a 0.9% decline from Thursday. Indexes pared losses as U.S. stocks opened higher. The U.K.’s FTSE 100 index rose 0.2% to 6 749.45, and France’s CAC 40 index added 0.4% at 4 335.31. But Germany’s DAX 30 index gave up 0.4% to 9 720.02.

The Hang Seng Index dipped less than 0.1%, while the Shanghai Composite Index slipped 0.2%.

The US dollar is currently trading at 1.35 to the euro, 1.70 to the pound and will buy 101.22 Japanese Yen or 10.64 South African Rand.

Domestic markets

The All-share index was 0.61% lower on 51 474 points and the Top 40-index dropped 0.67% to 46 329 points. Financial shares were 1.09% down after a strong run earlier in the week and the industrial index dropped 0.59%. Resources were 0.50% weaker.

Commodities

Spot gold is currently trading at US$ 1 311.00/oz. and platinum at US$ 1 493.90/oz. Brent crude oil is currently trading at US$ 107.23 per barrel.

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