Daily Financial Markets Report | Thursday, 18 June 2015

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

Highlights

 U.S. stocks ended Wednesday’s choppy session with modest gains after the Federal Reserve left key interest rates unchanged and as Fed Chairwoman Janet Yellen reiterated policy makers’ commitment to watch economic data. European stock markets headed south on Wednesday, as investors nervously digested the lack of progress in Greece’s debt talk with lenders ahead of a closely watched Eurogroup meeting later in the week. Hong Kong stocks swung between small gains and losses Thursday morning, with the benchmark Hang Seng Index HSI, -0.13% up 0.1% about 50 minutes into trade, shedding earlier losses.

 Spot gold is currently trading at US$ 1 183.40/oz. and platinum at US$ 1 082.60/oz. Brent crude oil is currently trading at US$ 63.64 per barrel.

 The US dollar is currently trading at 1.13 to the euro 1.58 to the pound and will buy 122.97 Japanese Yen or 12.28 South African Rand.

International markets

U.S. stocks ended Wednesday’s choppy session with modest gains after the Federal Reserve left key interest rates unchanged and as Fed Chairwoman Janet Yellen reiterated policy makers’ commitment to watch economic data. European stock markets headed south on Wednesday, as investors nervously digested the lack of progress in Greece’s debt talk with lenders ahead of a closely watched Eurogroup meeting later in the week. Hong Kong stocks swung between small gains and losses Thursday morning, with the benchmark Hang Seng Index HSI, -0.13% up 0.1% about 50 minutes into trade, shedding earlier losses.

The S&P 500 rose 4.15 points, or 0.2%, to 2 100.44. The Dow Jones Industrial Average gained 31.26 points, or 0.2%, to 17 935.74. The Nasdaq Composite added 9.33 points, or 0.2%, to 5 064.88.

The Stoxx Europe 600 index fell 0.5% to close at 383.74, partly wiping out the 0.6% advance it notched Tuesday. The Germany’s DAX 30 index fell 0.6% to 10 978.01, while France’s CAC 40 index fell 1% to 4 790.62. The U.K.’s FTSE 100 index gave up 0.4% at 6 680.55.

The Hang Seng Index was down 0.2% and the Shanghai Composite Index was down 0.2%.

The US dollar is currently trading at 1.13 to the euro 1.58 to the pound and will buy 122.97 Japanese Yen or 12.28 South African Rand.

Domestic markets

The All-share index was 0.79% higher at 51 704 points. The index opened more than 300 points higher than Monday’s closing level of 51 604 and traded as high as 51 844. The Top 40 index opened at 45 629 points and traded as high as 46 126 before falling back to 46 027 points, 0.92% higher than Friday.

Commodities

Spot gold is currently trading at US$ 1 183.40/oz. and platinum at US$ 1 082.60/oz. Brent crude oil is currently trading at US$ 63.64 per barrel.

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