In Tuesday’s trading session in the local markets, the Top 40 closed the day up 0.43%. The Resources 10 sector went up by 0.89%, the Financial 15 went down by 0.22%, the Industrial 25 went up by 0.31% and lastly the South African Listed Property index was down by 0.14%. The rand traded at R16.05 against the United State Dollar, R19.58 against the Great British pound, and R16.90 against the Euro.
Figure 1: Nasdaq’s intraday index level movement
Please note that there will be four companies that will be going ex-div on the 29th of June 2022, the list is below:
On the commodities front, the Brent Crude oil is trading at $116.93 a barrel and WTI Crude oil is traded at $111.01 a barrel. Gold Spot price is currently trading at $1817.88. Platinum Spot is now trading at $923 and lastly, Palladium Spot price is at $1906.50. On the oil front, OPEC+ is meeting today, where the group is expected to stick to its policy of modest output increases. Meanwhile, G7 leaders agreed to explore a price cap on Russian oil aimed at depleting Moscow's war chest.
Across the globe, the S&P 500 closed the day down 2.01%, Dow Jones closed the day down 1.56% and the Nasdaq had a 3.09% drop. The FTSE 100 closed up 0.9% and the DAX was up 0.35% and CAC40 was up 0.64%. In the Asian markets, the Nikkei 225 is currently down 0.91% and the Hang Seng is currently down 2.26%. Starting in the United States, Growth-oriented technology shares led to the decline of Nasdaq, while energy firms outperformed the market as oil prices rallied. US consumer confidence fell to a 16-month low in June amid persistent inflation worries, while near-term expectations sank to a near-decade low. The consumer confidence index in Japan dropped to an 18-month low of 32.1 in June of 2022 from May’s three-month high of 34.1, amid the ongoing global uncertainty. Retail sales in Australia rose by 0.9% month-over-month to another record level of AUD 34.23 billion in May 2022, topping market forecasts of 0.4% and after a final 0.9% gain in April, a flash reading showed.
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