Daily Financial Markets Report | Friday, 17 July 2015

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

Highlights

 U.S. stocks finished higher Thursday, with the Nasdaq Composite reaching a new closing high, as fears of a Greek exit from the eurozone subsided and Federal Reserve Chairwoman Janet Yellen wrapped up her semiannual two-day testimony before Congress. European stocks climbed to a seven-week high Thursday, as Greek lawmakers and European officials made moves toward replenishing liquidity to Greece’s parched financial system. Chinese stocks rose further in Friday morning trade, after China Financial Futures Exchange made a rare series of statements, reassuring investors that markets wouldn’t fluctuate on Friday, the settlement date of three stock index futures.

 Spot gold is currently trading at US$ 1 143.20/oz. and platinum at US$ 1 008.20/oz. Brent crude oil is currently trading at US$ 57.04 per barrel.

 The US dollar is currently trading at 1.08 to the euro; 1.56 to the pound and will buy 124.02 Japanese Yen or 12.39 South African Rand.

International Markets

U.S. stocks finished higher Thursday, with the Nasdaq Composite reaching a new closing high, as fears of a Greek exit from the eurozone subsided and Federal Reserve Chairwoman Janet Yellen wrapped up her semiannual two-day testimony before Congress. European stocks climbed to a seven-week high Thursday, as Greek lawmakers and European officials made moves toward replenishing liquidity to Greece’s parched financial system. Chinese stocks rose further in Friday morning trade, after China Financial Futures Exchange made a rare series of statements, reassuring investors that markets wouldn’t fluctuate on Friday, the settlement date of three stock index futures.

The S&P 500 index finished up 16.89 points, or 0.8%, at 2 124.29, with utilities, tech, and telecom leading gains. The Dow Jones Industrial Average rose 70.08 points, or 0.4%, to close at 18 120.25. The Nasdaq Composite surged 64.24 points, or 1.3%, to close at a record high

of 5 163.18,

The Stoxx Europe 600 reversed course and ended up 0.5% at 398.30. The Germany’s DAX 30 up by 2% to 11 767.10, In Paris, the CAC 40 gained 1.9% to 5 141.71. The FTSE 100 climbed 0.6% to 6 796.45, the best close since June 26, according to FactSet data.

The Hang Seng Index was up 1% and the Shanghai Composite Index was up 1.4%.

The US dollar is currently trading at 1.08 to the euro; 1.56 to the pound and will buy 124.02 Japanese Yen or 12.39 South African Rand.

Domestic markets

The All-share index on the JSE was only 0.9% higher on 52 579 points, while the Top 40-index traded 0.17% stronger on 47 021 points.

Commodities

Spot gold is currently trading at US$ 1 143.20/oz. and platinum at US$ 1 008.20/oz. Brent crude oil is currently trading at US$ 57.04 per barrel.

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