Daily Financial Markets Report | Thursday, 16 July 2015

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

Highlights

 U.S. stocks snapped a recent streak of wins Wednesday after modest gains during Federal Reserve Chairwoman Janet Yellen’s testimony evaporated following reports of violent protests in Greece. European stocks moved higher Wednesday as the focus shifted to Greek lawmakers, who face a deadline to approve creditors’ austerity measures or risk losing much-needed bailout aid. Japanese stocks shuffled higher in early Thursday transactions, with financial shares on the rise after Greece approved new austerity measures needed to secure fresh rescue funds.

 Spot gold is currently trading at US$ 1 146.20/oz. and platinum at US$ 1 017.40/oz. Brent crude oil is currently trading at US$ 57.56 per barrel.

 The US dollar is currently trading at 1.09 to the euro; 1.56 to the pound and will buy 123.84 Japanese Yen or 12.43 South African Rand.

International Markets

U.S. stocks snapped a recent streak of wins Wednesday after modest gains during Federal Reserve Chairwoman Janet Yellen’s testimony evaporated following reports of violent protests in Greece. European stocks moved higher Wednesday as the focus shifted to Greek lawmakers, who face a deadline to approve creditors’ austerity measures or risk losing much-needed bailout aid. Japanese stocks shuffled higher in early Thursday transactions, with financial shares on the rise after Greece approved new austerity measures needed to secure fresh rescue funds.

The S&P 500 Index fell 1.55 points to 2 107.40. The Dow Jones Industrial Average declined 3.41 points to 18 050.17. The Nasdaq Composite Index shed 5.95 points, or 0.1%, to close at 5 098.94. Prior to Wednesday, both the Dow and the S&P 500 had seen four straight days of gains, and the Nasdaq three.

The Stoxx Europe 600 reversed course and ended up 0.5% at 398.30. The DAX 30 rose 0.2% to end at 11 539.66, and in Paris, the CAC 40 was up 0.3% to inish at 5 047.24 The U.K.’s FTSE 100 meanwhile, was unchanged at 6 753.75.

The Hang Seng Index was up 0.1% and the Shanghai Composite Index was up 1.7%.

The US dollar is currently trading at 1.09 to the euro; 1.56 to the pound and will buy 123.84 Japanese Yen or 12.43 South African Rand.

Domestic markets

The All-share index was 0.64% higher on 52 443 points, while the Top-40 index gained 0.65% to 46 872 points.

Commodities

Spot gold is currently trading at US$ 1 146.20/oz. and platinum at US$ 1 017.40/oz. Brent crude oil is currently trading at US$ 57.56 per barrel.

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