Daily Financial Markets Report: Wednesday, 30 July 2014

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

Highlights

 U.S. stocks ended Tuesday’s choppy trading session lower, as investors turned cautious after the European Union and the President Barack Obama announced a new round of sanctions against Russia for its role in Ukraine’s deadly civil war. European stock markets advanced against a background of solid earnings reports. Hong Kong stocks climbed toward a seventh day of gains Wednesday morning, with sentiment still getting a boost from China’s latest plans to open up its capital markets and allow direct share trading between Hong Kong and Shanghai.

 Spot gold is currently trading at US$ 1 298.50/oz. and platinum at US$ 1 482.60/oz. Brent crude oil is currently trading at US$ 107.51 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

U.S. stocks ended Tuesday’s choppy trading session lower, as investors turned cautious after the European Union and the President Barack Obama announced a new round of sanctions against Russia for its role in Ukraine’s deadly civil war. European stock markets advanced against a background of solid earnings reports. Hong Kong stocks climbed toward a seventh day of gains Wednesday morning, with sentiment still getting a boost from China’s latest plans to open up its capital markets and allow direct share trading between Hong Kong and Shanghai.

The S&P 500 closed 9 points, or 0.5%, lower at 1 969.95. The Dow Jones Industrial Average ended 70.48 points, or 0.4%, lower at 16 912. The Nasdaq Composite finished 2.2 points lower at 4 442.70.

The Stoxx Europe 600 index added 0.3% to close at 342.27, its first close in positive territory in three days. The benchmark pared gains a bit after the news about the fresh EU sanctions on Russia. Germany’s DAX 30 index climbed 0.6% to 9 653.63, while France’s CAC 40 index gained 0.5% to 4 365.58. The U.K.’s FTSE 100 index rose 0.3% to 6 807.75.

The Hang Seng Index rose 0.6%, and the Shanghai Composite Index inched up 0.1%.

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 was up 0.57% on 52 224 points and the Top 40 index gained 0.61% to 47 022 points.

Commodities

Spot gold is currently trading at US$ 1 298.50/oz. and platinum at US$ 1 482.60/oz. Brent crude oil is currently trading at US$ 107.51 per barrel.

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