Daily Financial Markets Report |Thursday, 31 July 2014

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

Highlights

 U.S. stocks finished a choppy session slightly higher, as the Federal Reserve appeared to soothe fears that it might start raising interest rates sooner than anticipated. The Fed on Wednesday said the economy is improving but emphasized that significant slack remains in the labour market. Earnings reports were high on the agenda in Europe on Wednesday, moving shares of prominent companies, but tougher sanctions on Russia weighed on markets as investors analysed the potential consequences of the measures. Hong Kong stocks struggled to test fresh multiyear highs after seven straight days of gains

 Spot gold is currently trading at US$ 1 293.60/oz. and platinum at US$ 1 479.30/oz. Brent crude oil is currently trading at US$ 106.19 per barrel.

 The US dollar is currently trading at 1.33 to the euro, 1.69 to the pound and will buy 102.72 Japanese Yen or 10.66 South African Rand.

International markets

U.S. stocks finished a choppy session slightly higher, as the Federal Reserve appeared to soothe fears that it might start raising interest rates sooner than anticipated. The Fed on Wednesday said the economy is improving but emphasized that significant slack remains in the labour market. Earnings reports were high on the agenda in Europe on Wednesday, moving shares of prominent companies, but tougher sanctions on Russia weighed on markets as investors analysed the potential consequences of the measures. Hong Kong stocks struggled to test fresh multiyear highs after seven straight days of gains

The S&P 500 closed up less than a point at 1 970.08. The Dow Jones Industrial Average finished off session lows, but with a loss of 31.75 points, or 0.2% to 16 880.36. The Nasdaq Composite added 20.20 points, or 0.5%, to 4 462.90.

The Stoxx Europe 600 index fell 0.5% to close 340.44. France’s CAC 40 index lost 1.2% to 4 312.30, and Germany’s DAX 30 index gave up 0.6% to 9 593.68. The U.K.’s FTSE 100 index dropped 0.5% to 6 773.44.

The Hang Seng Index swung between small gains and losses in early trading Thursday. Several major property developers fell after China’s central government sought public comment about a nationwide registration of fixed assets, a move considered by markets as paving the way for a property tax. Over on the Chinese mainland, the Shanghai Composite Index edged down 0.1%

The US dollar is currently trading at 1.33 to the euro, 1.69 to the pound and will buy 102.72 Japanese Yen or 10.66 South African Rand.

Domestic markets

The All-share index flew past the 52 000 point level on Tuesday and closed at a new record, but by midday on Wednesday it was again 0.54% lower at 51 960 points, while the Top 40 index lost 0.60% to 46 776.

Commodities

Spot gold is currently trading at US$ 1 293.60/oz. and platinum at US$ 1 479.30/oz. Brent crude oil is currently trading at US$ 106.19 per barrel.

1

Share Button