Daily Financial Markets Report | Thursday, 04 June 2015

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

Highlights

 U.S. stocks ended Wednesday with modest gains as the main indexes remained stuck in tight trading ranges ahead of the jobs report due on Friday. European stock markets ended a volatile session mostly higher on Wednesday after European Central Bank President Mario Draghi vowed to keep quantitative easing running until September 2016. Stocks in Japan and Hong Kong edged higher, buoyed by positive U.S. economic data and negotiations in Greece, but Australia fell, weighed down by bank shares.

 The US dollar is currently trading at 1.12 to the euro 1.53 to the pound and will buy 124.37 Japanese Yen or 12.39 South African Rand.

 Spot gold is currently trading at US$ 1 185.30/oz. and platinum at US$ 1 105.80/oz. Brent crude oil is currently trading at US$ 63.64 per barrel.

International markets

U.S. stocks ended Wednesday with modest gains as the main indexes remained stuck in tight trading ranges ahead of the jobs report due on Friday. European stock markets ended a volatile session mostly higher on Wednesday after European Central Bank President Mario Draghi vowed to keep quantitative easing running until September 2016. Stocks in Japan and Hong Kong edged higher, buoyed by positive U.S. economic data and negotiations in Greece, but Australia fell, weighed down by bank shares.

The S&P 500 closed 4.47 points, or 0.2%, higher at 2 114.07. The Dow Jones Industrial Average added 64.33 points, or 0.4%, to 18 076.27. The Nasdaq Composite ended the session up 22.71 points, or 0.5%, at 5 099.23.

The European Stoxx Europe 600 index slipped 0.1% to 395.93. The Germany’s DAX 30 index posted one of the biggest gains among major country-specific indexes, rising 0.8% to close at 11 419.62. The France’s CAC 40 index climbed 0.6% to 5 034.17, while the U.K.’s FTSE 100 index picked up 0.3% to 6 950.46.

The Hang Seng Index was up 1.4% and the Shanghai Composite Index was down 4.1%.

The US dollar is currently trading at 1.12 to the euro 1.53 to the pound and will buy 124.37 Japanese Yen or 12.39 South African Rand.

Domestic markets

The All-share index was by Wednesday midday again 1.01% lower at 51 656 points and the Top 40-index traded 1.02% lower at 45 906 points.

Commodities

Spot gold is currently trading at US$ 1 185.30/oz. and platinum at US$ 1 105.80/oz. Brent crude oil is currently trading at US$ 63.64 per barrel.

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