Daily Financial Markets Report | Friday, 26 June 2015

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

Highlights

U.S. stocks ended Thursday’s choppy session lower as losses among energy and industrials companies weighed on broader indexes. European stock markets lost ground Thursday, with investors still looking for a resolution to the long-running talks over Greece’s debt crisis. 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$ 1 171.50/oz. and platinum at US$ 1 081.00/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 123.35 Japanese Yen or 12.11 South African Rand.

International Markets

U.S. stocks ended Thursday’s choppy session lower as losses among energy and industrials companies weighed on broader indexes. European stock markets lost ground Thursday, with investors still looking for a resolution to the long-running talks over Greece’s debt crisis. 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 6.27 points, or 0.3%, to 2 102.31, with eight of its 10 main sectors finishing lower. The Dow Jones Industrial Average fell 75.37 points, or 0.4%, to 17 890.360, while the Nasdaq Composite ended the day down 10.22 points, or 0.2% at 5 112.19.

The Stoxx Europe 600 index ended lower by 0.2% at 396.30. Germany’s DAX 30 ended up less than 2 points at 11 473.13. France’s CAC 40 index shed 0.1% at 5 041.71, and the U.K.’s FTSE 100 index turned lower by 0.5% at 6 807.82.

The Hang Seng Index was down 1.5% and the Shanghai Composite Index was down 4.1%.

The US dollar is currently trading at 1.12 to the euro; 1.57 to the pound and will buy 123.35 Japanese Yen or 12.11 South African Rand.

Domestic markets

The All-share index was higher for the fourth consecutive day and traded 0.33% higher at 52 957, which means the index gained more than 3% since Monday. The Top 40 index was 0.27% higher at 46 360 points.

Commodities

Spot gold is currently trading at US$ 1 171.50/oz. and platinum at US$ 1 081.00/oz. Brent crude oil is currently trading at US$ 63.57 per barrel.

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