Market Scorecard The market is giving us a serious case of whiplash, up in the morning, down in the afternoon, down the next morning and then up by the closing bell. The reason for the latest bout of optimism is that top US and Chinese officials spoke on a conference call about the framework … Continue reading See Saw More Trade War
Market Scorecard The news broke yesterday that Meng Wanzhou, the CFO of Huawei and daughter of the group's founder, was arrested on Saturday in Canada. Huawei is accused of violating US sanctions with Iran. Ms Wanzhou will appear in court today, and depending on how it goes may be extradited to the US. The … Continue reading How Why Huawei
Market Scorecard Wow, that 'Trade Truce' relief rally lasted all of one day. Yesterday Trump dubbed himself 'Tariff Man', as part of a string of tweets talking about trade with China. The good news is that Chinese officials have acknowledged the 90-day truce period. What spooked the markets though is the hardline tone coming … Continue reading The Grinch and The Tariff Man
Market Scorecard Markets were cooking yesterday, thanks to the thawing tensions between China and the US. Unfortunately, the rally was short lived due to a lack of clarity on the future of trade. What worried markets the most is that Chinese officials have made no mention of the 90-day truce or dropping of import … Continue reading Naspers is More Than Just Ten Cents
Market Scorecard The JSE All-share Index opened slightly higher yesterday, and then drifted sideways for the rest of the day. Across the Atlantic, US markets had another poor session, with technology stocks plunging. There hasn't been any economic data released or fresh news out which could be blamed for the sell off, it is … Continue reading Apple Goes Soft
Market Scorecard It was a red day for markets across the board. Tech stocks have been hit the hardest. Have you heard the saying, 'The nail that sticks out gets hit'? In this case, tech companies are that nail; they are the stocks that gained the most over the last few years and they … Continue reading It Is Time For Online
Market Scorecard Naspers had another monster day yesterday, finishing up 8.6%. I see that Tencent is currently up 7% in Hong Kong, with means the Naspers come back is looking more impressive than Tiger Woods. Equities in Asia are flying thanks to Xi and Trump talking last night. After the call, Trump said it … Continue reading Grande Results From Starbucks
Market Scorecard Boom! Markets had a massive day yesterday. Naspers was up 9.4%, which is a monster move for a company of that size. Watching financial TV this morning though, all you hear is how October was the worst month for stocks since 2012. So if you got through the month and didn't sell, … Continue reading The Market Befriends Facebook, again.
Market Scorecard Go Bokke! If only we could end things on that high note and not have a look at global markets this Monday morning. By now I am sure you are used to hearing of trade wars putting a spanner in the works of green equity markets. On Friday, global markets were buoyant … Continue reading Jeff Knows Best
Market Scorecard Yesterday before the US market opened Elon Musk released an Update on Taking Tesla Private. The share was initially up 2% on the clarification of where the funding was going to come from. By the time the market closed, the stock was only up 0.2% and is now down 0.5% in after-hours … Continue reading Rob and Ralph
