Daily Financial Markets Report | Monday, 20 July 2015

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

Highlights

 International Markets

 The dollar rose against the euro on Friday, after a batch of economic reports pointed to a U.S. strengthening economic recovery that is gaining. Europe’s benchmark-stock index logged its best weekly gain since the start of the year Friday, after an action-packed week in Greece’s debt odyssey, where fears of a default and an exit from the Eurozone abated. Chinese stocks added to recent gains Monday morning, looking to extend a three-day winning streak after the Chinese government’s recent, drastic supportive measures.

 Spot gold is currently trading at US$ 1 113.60/oz. and platinum at US$ 977.70/oz. Brent crude oil is currently trading at US$ 57.03 per barrel.

 The US dollar is currently trading at 1.08 to the euro; 1.56 to the pound and will buy 124.11 Japanese Yen or 12.39 South African Rand.

International Markets

The dollar rose against the euro on Friday, after a batch of economic reports pointed to a U.S. strengthening economic recovery that is gaining. Europe’s benchmark-stock index logged its best weekly gain since the start of the year Friday, after an action-packed week in Greece’s debt odyssey, where fears of a default and an exit from the Eurozone abated. Chinese stocks added to recent gains Monday morning, looking to extend a three-day winning streak after the Chinese government’s recent, drastic supportive measures.

The S&P 500 eked out a modest gain, rising 2.35 points, or 0.1%, to 2 126.64 and gaining 2.4% over the week, its first weekly gain in a month. The Dow Jones Industrial Average ended lower, falling 33.80 points, or 0.2%, to 18 086.45 but still booked a 1.8% weekly gain. The Nasdaq Composite index gained 44.96 points, or 0.9%, to close at 5 210.14, booking a 4.25% weekly rise.

The Stoxx Europe 600 rose 0.1% to close at 405.68, marking an eighth straight session of gains. The DAX 30 fell 0.4% to 11 673.42, while France’s CAC 40 index edged 0.1% higher to 5 124.39. The FTSE 100 index dipped 0.3% to 6 775.08.

The Hang Seng Index was down 0.2% and the Shanghai Composite Index was down 0.4%.

The US dollar is currently trading at 1.08 to the euro; 1.56 to the pound and will buy 124.11 Japanese Yen or 12.39 South African Rand.

Domestic markets

The Top 40-index moved mostly sideways on Friday morning and was 0.2% lower by mid-afternoon on 47 135 points. The All-share index was down 0.11% to 52 790 points, after opening above the level of 53 000 or about 0.5% higher.

Commodities

Spot gold is currently trading at US$ 1 113.60/oz. and platinum at US$ 977.70/oz. Brent crude oil is currently trading at US$ 57.03 per barrel.

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