Daily Financial Markets Report | Monday, 18 July 2016

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

sacciHighlights

 The U.S. government bond market has been flirting with record low yields but some analysts and strategist think that yields could fall even further. European stocks slipped Friday, with travel shares lower after a deadly terrorist attack left more than 80 people dead in Nice, France. Stocks in Asia were mixed on Monday, displaying little reaction to the failed coup in Turkey, while data out of China showed slowing home-price gains.

 The U.S dollar is currently trading at 1.10 to the Euro; 1.32 to the Pound and will buy 105.53 Japanese Yen or 14.32 South African Rand.

 Spot gold is currently trading at US$ 1 326.50/oz. and platinum at US$ 1 093.50/oz. Brent crude oil is currently trading at US$ 47.69 per barrel.

International Markets

The U.S. government bond market has been flirting with record low yields but some analysts and strategist think that yields could fall even further. European stocks slipped Friday, with travel shares lower after a deadly terrorist attack left more than 80 people dead in Nice, France. Stocks in Asia were mixed on Monday, displaying little reaction to the failed coup in Turkey, while data out of China showed slowing home-price gains.

The S&P 500 index slipped 2.01 points to close at 2 161.74 for a weekly gain of 1.5%. The Dow Jones Industrial Average added 10.14 points to finish at 18 516.55, climbing 2% for the week. The Nasdaq Composite Index shed 4.47 points to 5 029.59 but finished the week 1.5% higher.

The Stoxx Europe 600 shed 0.2% to close at 337.92, partly erasing a 0.8% advance from Thursday. France’s CAC 40 fell 0.3% to 4 372.51France’s CAC 40 lost 0.9% at 4 234.86, Germany’s DAX 30 ended marginally lower at 10 066.90. The U.K’s FTSE 100 rose 0.2% to 6 669.24, with banks moving higher.

The Hang Seng Index up 0.2%. and the Shanghai Composite Index 0.1%

The U.S dollar is currently trading at 1.10 to the Euro; 1.32 to the Pound and will buy 105.53 Japanese Yen or 14.32 South African Rand.

The All-share index, which gained almost 4% over the seven days before Friday’s trade, at mid-morning was only 0.17% lower at 52 650 points while the Top 40 index lost 0.10% to 46 266 points.

Commodities

Spot gold is currently trading at US$ 1 326.50/oz. and platinum at US$ 1 093.50/oz. Brent crude oil is currently trading at US$ 47.69 per barrel.

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