Daily Financial Markets Report | Friday, 29 May 2015

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

Highlights

 U.S. stocks ended Thursday’s choppy session slightly lower as investors grappled with comments from Federal Reserve officials about the possibility of raising interest rates this year. Stocks across Europe fell Thursday, deflated as a potential deal between debt-laden Greece and its creditors didn’t come through, the prospect of which sent shares soaring in the previous session. Hong Kong stocks nudged higher in seesaw trading on Friday morning, after suffering sharp losses on Thursday, triggered by a reported move by China Central Huijin Investment Ltd., a unit of China’s sovereign-wealth fund.

 The US dollar is currently trading at 1.09 to the euro 1.53 to the pound and will buy 123.91 Japanese Yen or 12.13 South African Rand.

 Spot gold is currently trading at US$ 1 188.10/oz. and platinum at US$ 1 116.40/oz. Brent crude oil is currently trading at US$ 62.82 per barrel.

International markets

U.S. stocks ended Thursday’s choppy session slightly lower as investors grappled with comments from Federal Reserve officials about the possibility of raising interest rates this year. Stocks across Europe fell Thursday, deflated as a potential deal between debt-laden Greece and its creditors didn’t come through, the prospect of which sent shares soaring in the previous session. Hong Kong stocks nudged higher in seesaw trading on Friday morning, after suffering sharp losses on Thursday, triggered by a reported move by China Central Huijin Investment Ltd., a unit of China’s sovereign-wealth fund.

The S&P 500 closed 2.69 points, or 0.1%, lower at 2 120.79. The Dow Jones Industrial Average dropped 36.87 points, or 0.2%, to 18 126.12. The Nasdaq Composite Index fell 8.62 points, or 0.2%, to 5 097.98, retreating slightly from the record level reached on Wednesday.

The Stoxx Europe 600 lost 0.5% to end at 406.83. The Germany’s DAX 30 shed 0.8% to 11 677.57 after Wednesday’s leap of 1.3%. The France’s CAC 40 gave up 0.9% at 5 137.83, but the U.K.’s FTSE 100 turned up by 0.1% at 7 040.92.

The Hang Seng Index was up 0.3% and the Shanghai Composite Index was up 0.1%.

The US dollar is currently trading at 1.09 to the euro 1.53 to the pound and will buy 123.91 Japanese Yen or 12.13 South African Rand.

Domestic markets

The All-share index was another 0.38% lower at 52 730 points and the Top 40-index traded 0.45% weaker at 46 673 points.

Commodities

Spot gold is currently trading at US$ 1 188.10/oz. and platinum at US$ 1 116.40/oz. Brent crude oil is currently trading at US$ 62.82 per barrel.

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