Daily Financial Markets Report | Tuesday, 26 May 2015

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

Highlights

 The dollar remained firmer against the yen and the euro on Monday, with following comments by Federal Reserve Chairwoman Janet Yellen late last week and renewed concerns about Greece’s debt problems. The euro hit a one-month low against the dollar in Asia trade Tuesday as fears lingered about the Greek debt situation, while the dollar hit a fresh two-month high against the yen.

 Shares in Hong Kong played catch-up with the rally in mainland stocks after news that China will soon launch a link allowing Hong Kong and mainland asset managers to sell funds to retail investors on either side.

 The US dollar is currently trading at 1.09 to the euro 1.55 to the pound and will buy 121.90 Japanese Yen or 11.97 South African Rand.

 Spot gold is currently trading at US$ 1 204.30/oz. and platinum at US$ 1 144.70/oz. Brent crude oil is currently trading at US$ 65.28 per barrel.

International markets

The dollar remained firmer against the yen and the euro on Monday, with following comments by Federal Reserve Chairwoman Janet Yellen late last week and renewed concerns about Greece’s debt problems. The euro hit a one-month low against the dollar in Asia trade Tuesday as fears lingered about the Greek debt situation, while the dollar hit a fresh two-month high against the yen. Shares in Hong Kong played catch-up with the rally in mainland stocks after news that China will soon launch a link allowing Hong Kong and mainland asset managers to sell funds to retail investors on either side.

The S&P 500 was 0.22%, lower at 2 126. The Dow Jones Industrial Average closed 53.72 points, or 0.3%, lower to 18 232. Meanwhile the Nasdaq COMP remained 1.43 points lower at 5 089.36.

The Germany’s DAX 30 index slipped 0.42% to 11 815.00. The France’s CAC 40 index ended 0.50% lower at 5 117.00. The U.K.’s FTSE 100 index dropped 0.26% to 7 032.

The Hang Seng Index was up 1.4% and the Shanghai Composite Index was up 1.8%.

The US dollar is currently trading at 1.09 to the euro 1.55 to the pound and will buy 121.90 Japanese Yen or 11.97 South African Rand.

Domestic markets

The All-share index traded only 0.22% lower at 53 935 points and the Top 40-index was only 0.18% softer at 47 800 points

Commodities

Spot gold is currently trading at US$ 1 204.30/oz. and platinum at US$ 1 144.70/oz. Brent crude oil is currently trading at US$ 65.28 per barrel.

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