Daily Financial Markets Report | Monday, 29 June 2015

sacci-logoDaily Financial Markets Report sources information from Business Day, Reuters, JSE Ltd and others.

Highlights

U.S. stocks ended Friday’s choppy session mostly lower, extending their losing streak to a third straight day. Fraught negotiations between Greece and its lenders kept investors anxious, while major indexes clocked in weekly losses. European stock markets lost ground Thursday, with investors still looking for a resolution to the long-running talks over Greece’s debt crisis. Asian markets were roiled Monday amid volatility in China’s stocks and as tremors from Greece shook sentiment across the region.

 Spot gold is currently trading at US$ 1 182.50/oz. and platinum at US$ 1 076.20/oz. Brent crude oil is currently trading at US$ 62.32 per barrel.

 The US dollar is currently trading at 1.10 to the euro; 1.57 to the pound and will buy 122.58 Japanese Yen or 12.31 South African Rand.

International Markets

U.S. stocks ended Friday’s choppy session mostly lower, extending their losing streak to a third straight day. Fraught negotiations between Greece and its lenders kept investors anxious, while major indexes clocked in weekly losses. European stock markets lost ground Thursday, with investors still looking for a resolution to the long-running talks over Greece’s debt crisis. Asian markets were roiled Monday amid volatility in China’s stocks and as tremors from Greece shook sentiment across the region.

The S&P 500 closed less than a point lower at 2 101.50 and recorded a 0.4% loss over the week. The Dow Jones Industrial Average added 57.12 points, or 0.3%, to 17 947.48, but also clocked in a weekly loss, falling 0.4% over the week. The Nasdaq Composite ended the day down 31.68 points, or 0.6% at 5 110 and declined 0.7% over the week.

The Stoxx Europe 600 index ended lower by 0.2% at 396.30. Germany’s DAX 30 index 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 2.7% and the Shanghai Composite Index was down 3.8%.

The US dollar is currently trading at 1.10 to the euro; 1.57 to the pound and will buy 122.58 Japanese Yen or 12.31 South African Rand.

Domestic markets

The All-share index was 0.71% lower at 52 483 points and the Top 40 index traded 0.77% softer.

Commodities

Spot gold is currently trading at US$ 1 182.50/oz. and platinum at US$ 1 076.20/oz. Brent crude oil is currently trading at US$ 62.32 per barrel.

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