Daily Financial Markets Report | Tuesday, 02 June 2015

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

Highlights

 U.S. stocks eked out modest gains on Monday as investors digested a mixed bag of economic reports, including data on consumer spending, construction and manufacturing. European stock markets seesawed between gains and losses on Monday, as investors closely monitored Greece’s bailout negotiations and assessed rumours that a deal with international lenders is close. Hong Kong stocks pulled back Tuesday morning, with the Hang Seng Index HSI, -0.44% dropping 0.5%, while the mainland-China-tracking Hang Seng China Enterprises Index HSCEI, -0.81% fell 0.9%.

 The US dollar is currently trading at 1.09 to the euro 1.52 to the pound and will buy 124.160 Japanese Yen or 12.24 South African Rand.

 Spot gold is currently trading at US$ 1 186.70/oz. and platinum at US$ 1 102.90/oz. Brent crude oil is currently trading at US$ 65.01 per barrel.

International markets

U.S. stocks eked out modest gains on Monday as investors digested a mixed bag of economic reports, including data on consumer spending, construction and manufacturing. European stock markets seesawed between gains and losses on Monday, as investors closely monitored Greece’s bailout negotiations and assessed rumors that a deal with international lenders is close. Hong Kong stocks pulled back Tuesday morning, with the Hang Seng Index HSI, -0.44% dropping 0.5%, while the mainland-China-tracking Hang Seng China Enterprises Index HSCEI, -0.81% fell 0.9%.

The S&P 500 rose 4.35 points, or 0.2%, to close at 2 111.74, with eight of its 10 main sectors finishing higher. The Dow Jones Industrial Average gained 29.69 points, or 0.2%, to 18 040.37, with more than half of its 30 components finishing higher. The Nasdaq Composite ended the session up 12.90 points, or 0.3%, at 5 082.93.

The Stoxx Europe 600 index ended 0.2% higher at 400.57. The Germany’s DAX 30 index rose 0.2% to 11 436.05. The France’s CAC 40 index climbed 0.4% to 5 025.30 and the FTSE 100 index 0.4% lower to 6 953.58.

The Hong Kong stocks pulled back Tuesday morning, with the Hang Seng Index HSI, -0.48% dropping 0.5%, while the mainland-China-tracking Hang Seng China Enterprises Index HSCEI, -0.73% fell 0.9%.

The US dollar is currently trading at 1.09 to the euro 1.52 to the pound and will buy 124.160 Japanese Yen or 12.24 South African Rand.

Domestic markets

The All-share index was at that stage at 52 175 points only 0.02% lower than Friday’s closing, while the Top 40-index was only 0.02% in the black at 46 296 points.

Commodities

Spot gold is currently trading at US$ 1 186.70/oz. and platinum at US$ 1 102.90/oz. Brent crude oil is currently trading at US$ 65.01 per barrel.

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