Market Commentary: Stocks Rise As Bond Yields Cool + Trade Idea Updates

Market Commentary: Stocks Rise As Bond Yields Cool + Trade Idea Updates

The decline in US bond yields late last week saw equities rebound, paring the losses incurred mid-week and finishing the fourth week of the second quarter roughly in line with where it started.

For the Friday session, the Dow Jones Industrial Average closed slightly lower (-0.05%), the S&P500 higher by 0.11%, while the NASDAQ ended the session flat (+0.02%).

In Europe, a weaker Euro helped lift the DAX by 0.64%, while weaker growth figures (GDP) saw the Pound taking further strain thereby helping the Pound Hegdes lift the FTSE100 by 1.09%. Locally, the JSE was closed for Freedom Day.

For today, traders should watch out for these high impact economic indicators. For more economic indicators, please view the Unum Economic Calendar here: http://www.unum.co.za/economic-calendar/

In currencies, the South African Rand trades as follows:

USDZAR +0.04% to 12.32
GBPZAR +0.17% to 16.99
EURZAR +0.16% to 14.94

Gold trades at $1322, Platinum at $911 while Brent Crude Oil is at $73.49.

International Markets

This morning, Asian equities are as follows:

Nikkei 225 (+0.66%)
Hang Seng (+1.59%)
Shanghai Composite (+0.23%)

Latam Markets closed as follows:

Merval 25 (+1.76%)
Bovespa (+0.07%)
INMEX (-0.05%)

Aus miners:
BHP Bil (-0.43%)
Rio Tinto (+0.20%)
S32 (-0.27%)

FANGs:
Facebook (-0.33%)
Amazon (+3.60%)
Netflix (-0.71%)
Google (-1.14%)

FTSE Miners:

Anglo American plc (+1.93%)
BHP Billiton plc (-0.10%)
Glencore plc (-0.28%)

Alibaba closed lower by 1.87%, while Tencent is higher by 0.93% in afternoon trade in Hong Kong.

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