Daily Financial Markets Report | Tuesday, 19 May 2015

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

Highlights

 U.S. stocks climbed modestly on Monday, with the S&P 500 and Dow industrials both moving high enough to finish the day at record levels. Trading volume on Wall Street has been thinner than usual. European stocks turned higher Monday, getting some lift from positive developments in Greece’s long-standing debt crisis and a weakening of the euro against the dollar. Hong Kong stocks bounced between small gains and losses Tuesday morning, with the Hang Seng Index HSI, +0.32% up 0.1% about 40 minutes into the session following a modest loss the previous day.

 The US dollar is currently trading at 1.12 to the euro 1.58 to the pound and will buy 119.98 Japanese Yen or 11.89 South African Rand.

 Spot gold is currently trading at US$ 1 223.90/oz. and platinum at US$ 1 166.40/oz. Brent crude oil is currently trading at US$ 59.35 per barrel.

International markets

U.S. stocks climbed modestly on Monday, with the S&P 500 and Dow industrials both moving high enough to finish the day at record levels. Trading volume on Wall Street has been thinner than usual. European stocks turned higher Monday, getting some lift from positive developments in Greece’s long-standing debt crisis and a weakening of the euro against the dollar. Hong Kong stocks bounced between small gains and losses Tuesday morning, with the Hang Seng Index HSI, +0.32% up 0.1% about 40 minutes into the session following a modest loss the previous day.

The S&P 500 rose 6.47 points, or 0.3%, to 2 129.20, closing at a record level for the third consecutive session. The Dow Jones Industrial Average gained 26.32 points, or 0.1%, to 18 298.88, finishing at the highest level ever. The Nasdaq Composite rose 30.15 points, or 0.6%, to 5 078.44, within a shouting distance from its record high.

The Stoxx Europe 600 settled up 0.4% at 398.09, with health-care shares pacing an advance among all sectors. The Germany’s DAX 30 DAX was able to advance, ending up roughly 1.3% at 11 594.28. The France’s CAC 40 ended up about 0.4% at 5 012.31, and the U.K.’s FTSE 100 gained 0.1% to 6 968.87.

The Hang Seng Index was up 0.3% and the Shanghai Composite Index was up 3%.

The US dollar is currently trading at 1.12 to the euro 1.58 to the pound and will buy 119.98 Japanese Yen or 11.89 South African Rand.

Domestic markets

The All-share index was at that stage 0.53% higher at 54 314 points and the Top 40-index gained 0.54% to 48 194 points.

Commodities

Spot gold is currently trading at US$ 1 223.90/oz. and platinum at US$ 1 166.40/oz. Brent crude oil is currently trading at US$ 59.35 per barrel.

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