Daily Financial Markets Report | Monday, 06 June 2016

Daily Financial Markets Report sources information from Business Day, Reuters, JSE Ltd and others.

sacciHighlights

 U.S. stocks pared earlier losses to close modestly lower Friday as investors weighed implications of a dismal jobs report on the Federal Reserve monetary policy decision in two weeks. European stocks swung lower Friday, locking in a weekly loss, as a much weaker-than-anticipated U.S. jobs report stoked worries about global growth. Chinese shares jumped this week, ending six straight weeks of declines.

 The U.S dollar is currently trading at 1.13 to the Euro; 1.44 to the Pound and will buy 106.95 Japanese Yen or 15.13 South African Rand.

 Spot gold is currently trading at US$ 1 240.80/oz. and platinum at US$ 986.30/oz. Brent crude oil is currently trading at US$ 49.99 per barrel.

International Markets

U.S. stocks pared earlier losses to close modestly lower Friday as investors weighed implications of a dismal jobs report on the Federal Reserve monetary policy decision in two weeks. European stocks swung lower Friday, locking in a weekly loss, as a much weaker-than-anticipated U.S. jobs report stoked worries about global growth. Chinese shares jumped this week, ending six straight weeks of declines.

The S&P 500 index closed down 6.13 points, or 0.3% at 2 099.13 to end the week virtually flat. The Dow Jones Industrial Average fell 31.5 points, or 0.2%, to end at 17 807.06. The Nasdaq Composite Index declined 28.85 points, or 0.6%, to end at 4 942.52 but still finished the week higher, up 0.2%.

The Stoxx Europe 600 fell 0.9% to 341.29, relinquishing gains of as much as 0.7% logged ahead of key May U.S. nonfarm payrolls data. Germany’s DAX 30 ended 1% lower at 10 103.26, and France’s CAC 40 dropped 1% to 4 421.78. The U.K.’s FTSE 100 end 0.4% higher at 6 209.63, but the index was yanked from stronger levels.

The Shanghai Composite Index notched a 4.2% gain for the week and the Nikkei Stock Average was up 0.5%.

The U.S dollar is currently trading at 1.13 to the Euro; 1.44 to the Pound and will buy 106.95 Japanese Yen or 15.13 South African Rand.

The All-share had gained 1.01 % to 54 259. points. The Top 40 index was at that stage 0.85% stronger at 48 083.54 points.

Commodities

Spot gold is currently trading at US$ 1 240.80/oz. and platinum at US$ 986.30/oz. Brent crude oil is currently trading at US$ 49.99 per barrel.

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