Daily Financial Markets Report | Monday, 08 June 2015

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

Highlights

 The U.S. stock market finished mostly lower Friday as an upbeat jobs report raised expectations for an interest-rate hike this fall. Stocks in Europe were sent lower for a fourth straight day on Friday as Greece took investors and its international creditors by surprise by delaying a debt payment due today. Hong Kong stocks managed to shed most of their opening losses Monday morning, shrugging off a drop for U.S. markets at the end of last week, with the Hang Seng Index HSI, +0.56% down 0.1%, moving off earlier lows as weak Chinese trade data for May suggested higher odds for more government stimulus.

 The US dollar is currently trading at 1.11 to the euro 1.53 to the pound and will buy 125.50 Japanese Yen or 12.62 South African Rand.

 The US dollar is currently trading at 1.11 to the euro 1.53 to the pound and will buy 125.50 Japanese Yen or 12.62 South African Rand.

International markets

The U.S. stock market finished mostly lower Friday as an upbeat jobs report raised expectations for an interest-rate hike this fall. Stocks in Europe were sent lower for a fourth straight day on Friday as Greece took investors and its international creditors by surprise by delaying a debt payment due today. Hong Kong stocks managed to shed most of their opening losses Monday morning, shrugging off a drop for U.S. markets at the end of last week, with the Hang Seng Index HSI, +0.56% down 0.1%, moving off earlier lows as weak Chinese trade data for May suggested higher odds for more government stimulus.

The S&P 500 slipped by 3.01 points, or 0.1%, to finish at 2 092.83 after being down as much as 0.5% in morning action, while the Dow Jones Industrial Average fell by 56.12 points, or 0.3%, to 17 849.46. The tech-heavy Nasdaq Composite showed a slight spark, rising 9.33 points, or 0.2%, to end at 5 068.46.

The Stoxx Europe 600 index slumped 0.9% to end at 389.00, closing out the week 2.7% lower. That marks the second biggest weekly loss in 2015 so far. The France’s CAC 40 index dropped 1.33% to 4 921, while Germany’s DAX 30 index lost 1.26% to 11 197. The U.K. FTSE 100 index’s dropped 0.8% to 6 804.60.

The Hang Seng Index was up 0.3% and the Shanghai Composite Index was up 1.2%.

The US dollar is currently trading at 1.11 to the euro 1.53 to the pound and will buy 125.50 Japanese Yen or 12.62 South African Rand.

Domestic markets

The All-share index gained only 0.07% to 51 359 points, and the Top 40-index was 0.40% stronger at 45 433 points.

Commodities

Spot gold is currently trading at US$ 1 172.10/oz. and platinum at US$ 1 097.30/oz. Brent crude oil is currently trading at US$ 62.90 per barrel.

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