Daily Financial Markets Report | Tuesday, 21 July 2015

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

Highlights

 International Markets

 The Nasdaq Composite notched modest gains and closed at a record for the third straight session on Monday. European stock markets advanced on Monday, extending rally into a ninth straight session on the back of a Greece-fueled rally, which saw the debt-laden country on Monday reopen its banks after a three-week closure and repay loans to creditors. Mainland Chinese stocks retreated Tuesday morning after three straight sessions of gains, with the Shanghai Composite Index SHCOMP, +0.54% down 0.4%.

 Spot gold is currently trading at US$ 1 101.60/oz. and platinum at US$ 975.10/oz. Brent crude oil is currently trading at US$ 59.59 per barrel

 The US dollar is currently trading at 1.08 to the euro; 1.56 to the pound and will buy 124.40 Japanese Yen or 12.44 South African Rand.

International Markets

The Nasdaq Composite notched modest gains and closed at a record for the third straight session on Monday. The S&P 500 and Dow Jones Industrial Average eked out gains to barely close higher as a modest rally fizzled out by the end of the session. European stock markets advanced on Monday, extending rally into a ninth straight session on the back of a Greece-fueled rally, which saw the debt-laden country on Monday reopen its banks after a three-week closure and repay loans to creditors. Mainland Chinese stocks retreated Tuesday morning after three straight sessions of gains, with the Shanghai Composite Index SHCOMP, +0.54% down 0.4%.

The S&P 500 ended 1.63 points, or 0.1%, higher at 2 128.27, less than 3 points below its all-time closing high. The Dow Jones Industrial Average ended the session up 13.96 points, or 0.1%, to 18 100.41. The Nasdaq Composite rose 8.72 points, or 0.2% to 5 218.86, extending it record-setting streak.

The Stoxx Europe 600 index added 0.3% to close at 406.80, logging its longest winning run in 2015. Germany’s DAX 30 index was up 0.5% to 11 735.72 and France’s CAC 40 index rising 0.4% to 5 142.49. The U.K.’s FTSE 100 index added 0.2% to 6 788.69.

The Hang Seng Index was up 0.4% and the Shanghai Composite Index was up 0.3%.

The US dollar is currently trading at 1.08 to the euro; 1.56 to the pound and will buy 124.40 Japanese Yen or 12.44 South African Rand.

Domestic markets

The All-share index was 0.59% higher at 53 033 and the Top 40-index, which represents the 40 biggest shares on the JSE, gained 0.77% to 47 417 points.

Commodities

Spot gold is currently trading at US$ 1 101.60/oz. and platinum at US$ 975.10/oz. Brent crude oil is currently trading at US$ 59.59 per barrel.

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