Daily Financial Markets Report | Monday, 22 June 2015

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

Highlights

 U.S. investors are expected to keep an eye on the Greek debt drama next week amid reports that Greece’s coffers are so depleted that its banks may not have enough money to open for business on Monday. European stock markets moved firmly higher on Friday, boosted by overnight gains in the U.S. where a dovish message from the Federal Reserve continued to buoy sentiment. Hong Kong stocks notched moderate gains Monday morning, with shares of mainland Chinese companies rebounding after losses at the end of last week.

 Spot gold is currently trading at US$ 1 197.80/oz. and platinum at US$ 1 076.70/oz. Brent crude oil is currently trading at US$ 63.07 per barrel.

 The US dollar is currently trading at 1.13 to the euro 1.58 to the pound and will buy 122.75 Japanese Yen or 12.14 South African Rand.

International Markets

U.S. investors are expected to keep an eye on the Greek debt drama next week amid reports that Greece’s coffers are so depleted that its banks may not have enough money to open for business on Monday. European stock markets moved firmly higher on Friday, boosted by overnight gains in the U.S. where a dovish message from the Federal Reserve continued to buoy sentiment. Hong Kong stocks notched moderate gains Monday morning, with shares of mainland Chinese companies rebounding after losses at the end of last week.

The S&P 500 posted weekly gains of 0.8% to 2 109.94 and the Dow Jones Industrial Average added 0.6% to 18 014.68. The NASDAQ Composite Index rose 1.3% to 5 117.

The pan-European Stoxx Europe 600 index climbed 0.7% to 386.91, trimming its weekly decline to 0.6%. Germany’s DAX 30 index gained 0.8% to 11 183.27, while France’s CAC 40 index picked up 0.8% to 4 841.14. The U.K.’s FTSE 100 index added 0.1% to 6 714.70.

The Hang Seng Index was up 0.4% ; and the Shanghai Composite Index was closed for holiday.

The US dollar is currently trading at 1.13 to the euro 1.58 to the pound and will buy 122.75 Japanese Yen or 12.14 South African Rand.

Domestic markets

The Top-40 index ended 0.09% lower at 46 170 and the All-share index, the broadest measure of the SA stock market performance, lost 0.18% to 51 806.

Commodities

Spot gold is currently trading at US$ 1 197.80/oz. and platinum at US$ 1 076.70/oz. Brent crude oil is currently trading at US$ 63.07 per barrel.

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