Daily Financial Markets Report | Thursday, 28 May 2015

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

Highlights

 U.S. stocks ended Wednesday with solid gains, recovering most of the losses from the previous session on the back of a big rally in tech stocks, which propelled the Nasdaq Composite to a fresh record close. European stocks leapt Wednesday following reports debt-strapped Greece is in the final stages of reaching a deal with its international creditors. Hong Kong stocks traded lower Thursday morning, although mainland Chinese shares extended gains in choppy trading after a seven-day bull run.

 The US dollar is currently trading at 1.09 to the euro 1.54 to the pound and will buy 123.62 Japanese Yen or 12.03 South African Rand.

 Spot gold is currently trading at US$ 1 188.50/oz. and platinum at US$ 1 122.10/oz. Brent crude oil is currently trading at US$ 62.63 per barrel.

International markets

U.S. stocks ended Wednesday with solid gains, recovering most of the losses from the previous session on the back of a big rally in tech stocks, which propelled the Nasdaq Composite to a fresh record close. European stocks leapt Wednesday following reports debt-strapped Greece is in the final stages of reaching a deal with its international creditors. Hong Kong stocks traded lower Thursday morning, although mainland Chinese shares extended gains in choppy trading after a seven-day bull run.

The S&P 500 closed 19.28 points, or 0.9%, higher at 2 123.48, several points away from its previous record. The Dow Jones Industrial Average gained 121.45 points, or 0.7%, to 18 162.99, with 25 of its 30 components closing higher .The Nasdaq Composite gained 73.84 points, or 1.5%, to 5 106.59, the highest ever level.

The Stoxx Europe 600 closed up 1.3% at 408.88, breaking a three-session losing streak. The Germany’s DAX rose 1.3% to 11,771.13, after a lackluster start to the session. The France’s CAC 40 gained 2% to 5 182.53. The U.K. FTSE 100 in London ended 1.2% higher at 7 033.33.

The Hang Seng Index was down 1.6% and the Shanghai Composite Index was down 1.9%.

The US dollar is currently trading at 1.09 to the euro 1.54 to the pound and will buy 123.62 Japanese Yen or 12.03 South African Rand.

Domestic markets

The All-share index was another 0.47% lower at 52 713 points while the Top 40-index lost 0.45% to trade at 46 707 points

Commodities

Spot gold is currently trading at US$ 1 188.50/oz. and platinum at US$ 1 122.10/oz. Brent crude oil is currently trading at US$ 62.63 per barrel.

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