Daily Financial Markets Report | Thursday, 02 July 2015

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

Highlights

 Stocks finished higher Wednesday as U.S. economic data overtook concern centered around Greece’s debt woes. European stocks climbed Wednesday as debt-laden Greece moved to revive talks with its creditors, and as investors waited to hear what the Greek people will say in a vote about the crisis that’s led to banks being shut down. Chinese stocks slid further Thursday morning, extending their recent meltdown despite the government issuing a flurry of measures trying to calm the markets.

 Spot gold is currently trading at US$ 1 164.00/oz. and platinum at US$ 1 080.10/oz. Brent crude oil is currently trading at US$ 62.39 per barrel.

The US dollar is currently trading at 1.10 to the euro; 1.56 to the pound and will buy 123.36 Japanese Yen or 12.28 South African Rand.

International Markets

Stocks finished higher Wednesday as U.S. economic data overtook concern centered around Greece’s debt woes. European stocks climbed Wednesday as debt-laden Greece moved to revive talks with its creditors, and as investors waited to hear what the Greek people will say in a vote about the crisis that’s led to banks being shut down. Chinese stocks slid further Thursday morning, extending their recent meltdown despite the government issuing a flurry of measures trying to calm the markets.

The Dow Jones Industrial Average finished up 138.40 points, or 0.8%, at 17 757.91. The S&P 500 Index closed up 14.32 points, or 0.7%, at 2 077.43. The Nasdaq Composite Index rose 26.26 points, or 0.5%, to close at 5 013.12.

The Stoxx Europe 600 fell 1.3% to 381.31, and no sectors ended higher. In Frankfurt, the DAX 30 packed on 2.2% at 11 180.50. France’s CAC 40% climbed 1.9% at 4 883.19. In London, the FTSE 100 rose 1.3% at 6 608.59.

The Hang Seng Index was up 0.6% and the Shanghai Composite Index was down 1.2%.

The US dollar is currently trading at 1.10 to the euro; 1.56 to the pound and will buy 123.36 Japanese Yen or 12.28 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$ 1 164.00/oz. and platinum at US$ 1 080.10/oz. Brent crude oil is currently trading at US$ 62.39 per barrel.

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