Daily Financial Markets Report | Wednesday, 01 July 2015

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

Highlights

 The S&P 500 ended Tuesday’s volatile session slightly higher, as investors were whipsawed by the vagaries of Greece’s episodic debt negotiations. European stocks fell Tuesday, putting an end to their worst quarter in three years, as investors remained rattled by uncertainty over Greece’s standing in the euro and the European Union. China’s shares reversed a recent sharp selloff, as investors elsewhere in Asia push off concerns about a default in Greece until the outcome of a referendum next Sunday.

 Spot gold is currently trading at US$ 1 173.10/oz. and platinum at US$ 1 087.20/oz. Brent crude oil is currently trading at US$ 62.76 per barrel.

The US dollar is currently trading at 1.11 to the euro; 1.57 to the pound and will buy 122.73 Japanese Yen or 12.15 South African Rand.

International Markets

The S&P 500 ended Tuesday’s volatile session slightly higher, as investors were whipsawed by the vagaries of Greece’s episodic debt negotiations. European stocks fell Tuesday, putting an end to their worst quarter in three years, as investors remained rattled by uncertainty over Greece’s standing in the euro and the European Union. China’s shares reversed a recent sharp selloff, as investors elsewhere in Asia push off concerns about a default in Greece until the outcome of a referendum next Sunday.

The S&P 500 ended 5.45 points, or 0.3%, higher at 2 063.00. The Dow Jones Industrial Average added 22.82 points, or 0.1%, to 17 619.17.Meanwhile, the Nasdaq Composite gained 28.40 points, or 0.7% to 4 958.

The Stoxx Europe 600 fell 1.3% to 381.31, and no sectors ended higher. Germany’s DAX 30 on Tuesday fell 1.3% to 10 944.97, leaving it down 8.5% for the second quarter. France’s CAC 40 posted a daily loss of 1.6% to 4 790.20, and closed the quarter with a 4.8% decline.In London, the FTSE 100 sank 1.5% to 6 520.98, and lost 3.7% for the second quarter.

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

The US dollar is currently trading at 1.11 to the euro; 1.57 to the pound and will buy 122.73 Japanese Yen or 12.15 South African Rand.

Domestic markets

The All-share index was only 0.23% lower at 51 881 points while the Top 40 index was 0.29% softer at 46 260.

Commodities

Spot gold is currently trading at US$ 1 173.10/oz. and platinum at US$ 1 087.20/oz. Brent crude oil is currently trading at US$ 62.76 per barrel.

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