Daily Financial Markets Report | Tuesday, 29 July 2014

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

Highlights

 The U.S. stock market ended Monday’s choppy trading session mostly higher as investors weighed soft housing data against a flurry of deal news. U.K. stock ended Monday in negative territory after weak U.S. housing data discouraged investors in the U.S. and Europe during a data-light European day. Hong Kong stocks extended their gains modestly into a sixth day, looking for their latest three-year high.

 Spot gold is currently trading at US$ 1 303.30/oz. and platinum at US$ 1 487.20/oz. Brent crude oil is currently trading at US$ 107.54 per barrel.

 The US dollar is currently trading at 1.34 to the euro, 1.69 to the pound and will buy 101.97 Japanese Yen or 10.60 South African Rand.

International markets

The U.S. stock market ended Monday’s choppy trading session mostly higher as investors weighed soft housing data against a flurry of deal news. U.K. stock ended Monday in negative territory after weak U.S. housing data discouraged investors in the U.S. and Europe during a data-light European day. Hong Kong stocks extended their gains modestly into a sixth day, looking for their latest three-year high.

The S&P 500 ended the day less than a point higher at 1 978.91. The Dow Jones Industrial Average added 22 points, or 0.1%, to 16 982.59. The Nasdaq Composite closed 4.65 points, or 0.1%, lower at 4 444.91.

The FTSE 100 index lost 0.1% to close at 6 788.07, marking a second straight session in the red. The German DAX closed 0.48% lower at 9 598.17. The CAC 40 Index rose by 0.33% to 4 344.77.

The Hang Seng Index edged up 0.1% Tuesday morning. Over on the Chinese mainland, the Shanghai Composite Index dipped 0.1% following Monday’s 2.4% rally.

The US dollar is currently trading at 1.34 to the euro, 1.69 to the pound and will buy 101.97 Japanese Yen or 10.60 South African Rand.

Domestic markets

The All-share index and the Top 40 index on the JSE were both 0.58% higher. The All-share index traded at 51 847 and could make another attempt to permanently breach 52 000 points, while the Top 40 index was at 46 6562.

Commodities

Spot gold is currently trading at US$ 1 303.30/oz. and platinum at US$ 1 487.20/oz. Brent crude oil is currently trading at US$ 107.54 per barrel.

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