Think daily 14 July 2021

In Tuesday’s trading session in the local markets, the Top40 closed the day down by 0.23%. The Resources 10 sector went up by 0.9%, the Financial 15 went down by 3.55%, the Industrial 25 was flat and lastly the South African Listed Property index fell by 2.55%. The Financial and Property index dropped as the unrest continues in the country. The Rand traded at R14.70 against the United State Dollar, R20.33 against the Great British Pound, and R17.33 against the Euro.

Figure 1: JSE Financial 15 index – daily chart

On the commodities front, the Brent Crude oil is trading at $76.40 a barrel, and WTI Crude oil traded at $75.06 a barrel, after touching it’s highest in more than 2,5 years. Gold Spot price is currently trading at $1812.13, Platinum Spot is now trading at $1111.62 and lastly, Palladium Spot price is at $2835.71.
Across the globe, starting with the United States of America, the U.S. CPI printed higher than expected to 5.4%. The S&P 500 closed the day up 0.35% after reaching new highs, Dow Jones closed down 0.31% and the Nasdaq had a 0.38% drop. The FTSE 100 closed down by 0.7% and the DAX was flat and CAC40 was also flat and will be closed for trading today because of a holiday. In the Asian markets, the Nikkei 225 is down 0.38% and the Hang Seng is currently down by 0.7%.