Market Scorecard Markets globally are bumbling along waiting for the next big piece of news to give direction. For the US market the focus currently is on Fed minutes to be released tonight; what has been said about a possible drop in rates? Then there is also the ever-present threat to a change in … Continue reading An iPhone a Year
Market Scorecard Yesterday Stats SA released our latest labour statistics. As expected the numbers deteriorated. South Africa desperately needs economic growth to solve many ills that the country has. A political analyst was on the radio before the elections saying that we don't need economic growth but we need to move to a more … Continue reading Quit the Split
Market Scorecard Happy Labour Day everyone. The holiday has its roots in the 1880s where workers fought for an eight hour work day. The idea was eight hours for work, eight hours for recreation, and eight hours for rest. The US celebrates its Labor Day on the first Monday of September. One of the … Continue reading Apple At Your Service
Market Scorecard All good things have to come to an end. The eight-day green streak in the US ended yesterday with a red day for markets. Locally, our market was flat in the morning, then at 11:30 the Rand strengthened and stocks shot higher. That was the case for most of the day, but … Continue reading Watch Your Health
Market Scorecard Yesterday, shortly before the market opened, Naspers announced that they intend to list their international internet assets in Amsterdam. You can read the announcement here - Naspers SENS. At one point in the morning, Naspers was higher by 1% while at the same time Tencent was down 3% in Hong Kong, effectively … Continue reading Nike Sneaks Into Chinese Hearts
Market Scorecard On Wednesday night the Fed had their much anticipated news conference to give the market guidance around what had been discussed at the two-day FOMC meeting. As expected, interest rates were kept on hold. Looking ahead, the Fed doesn't see any further interest rate hikes this year and only one in 2020. … Continue reading Tencent Turns 20
Market Scorecard Yesterday was a very lacklustre day for global markets. South African and US markets both moved sideways, bobbing between red and green. Even news that Xi and Trump won't be meeting in March, as originally planned but in April instead, didn't move markets. As expected, the UK parliament voted to extend the … Continue reading S3XY Back
Market Scorecard It is not often that you see a Top40 stock jump over 3% in one day. After their results yesterday MTN was up a whopping 18% in one trading session! Shifting to politics on a local front, this headline came across my screen whilst packing up to go home - SA determined … Continue reading The Bull is 10 Years Old
Market Scorecard Yesterday, trade data out of the US showed that a record level of trade happened between them and China, accompanied by a record trade deficit. Even with the trade war, it makes sense that there was a record level of trade, both China and the US are the biggest they have ever … Continue reading Selfie Made Billionaire
Market Scorecard Since the US announced that they would postpone the 1 March trade talks deadline, there hasn't been much market-moving news. Even an escalating scuffle on the Kashmir border between Pakistan and India did little to rattle markets. One of the main reasons this is making the news is because both India and … Continue reading The Tyme is Now
