Daily Financial Markets Report | Thursday, 25 June 2015

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

Highlights

 U.S. stocks ended lower on Wednesday after two consecutive sessions of gains, as Greece and its creditors made little progress in negotiating a debt deal which would avert a default. European stocks finished lower Wednesday, hitting intraday lows after Greece’s latest economic reform proposal was rejected by creditors. Hong Kong and Shanghai stocks pulled back Thursday, giving back gains from the previous session and tracking weakness in the U.S. markets overnight.

 Spot gold is currently trading at US$ 1 172.60/oz. and platinum at US$ 1 079.50/oz. Brent crude oil is currently trading at US$ 63.57 per barrel.

 The US dollar is currently trading at 1.12 to the euro; 1.57 to the pound and will buy 123.60 Japanese Yen or 12.12 South African Rand.

International Markets

U.S. stocks ended lower on Wednesday after two consecutive sessions of gains, as Greece and its creditors made little progress in negotiating a debt deal which would avert a default. European stocks finished lower Wednesday, hitting intraday lows after Greece’s latest economic reform proposal was rejected by creditors. Hong Kong and Shanghai stocks pulled back Thursday, giving back gains from the previous session and tracking weakness in the U.S. markets overnight.

The S&P 500 fell 15.62 points, or 0.7%, to 2 122.41, with losses across the board. Materials led the losses. The Dow Jones Industrial Average dropped 178 points, or 1%, to 17 996.07. The Nasdaq Composite fell 37.68 points, or 0.7% to 5 122.41, retreating from a all-time highs reached Tuesday.

The Stoxx Europe 600 ended down by 0.4% at 397.32 after earlier struggling for direction. Germany’s DAX 30 fell by as much as 1.5%, before trimming the decline to 0.6% at 11 471.26. France’s CAC 40 lost 0.2% to finish at 5 045.35, and Spain’s IBEX 35 IBEX, -0.71% fell 0.7% to 11 321.90. The FTSE 100 finished up 0.2% to 6 844.80, marking a fifth straight win for British blue-chips.

The Hang Seng Index was down 0.3% and the Shanghai Composite Index was up 0.5%.

The US dollar is currently trading at 1.12 to the euro; 1.57 to the pound and will buy 123.60 Japanese Yen or 12.12 South African Rand.

Domestic markets

The All-share index was another 0.43% higher at 52 766 points, and the Top 40 index traded another 0.43% higher at 47 206 points.

Commodities

Spot gold is currently trading at US$ 1 172.60/oz. and platinum at US$ 1 079.50/oz. Brent crude oil is currently trading at US$ 63.57 per barrel.

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