Market Scorecard It was another day where our market did the opposite of global markets. For a change though the JSE All-share was higher and global markets lower. The main focus at the moment is the storm brewing between the US and the EU, particularly the UK. Then there is also Fed chair, Jay … Continue reading Sneaky Exchange
Market Scorecard Yesterday wasn't a great day for global markets. Locally, the gold miners were the only sector that shone. Gold has been on a bit of a trot lately, and broke above the $1 400 an ounce level yesterday. Back from the dead! Bloomberg says that this is the highest level in six … Continue reading Interesting Rates
Market Scorecard Wow, technology stocks got a 'snot klap' yesterday. Markets caught wind of increased scrutiny from antitrust regulators and the big tech names came tumbling down. Facebook was down 7.5%, Alphabet (Google) was down 6.1%, Amazon was down 4.6%, Microsoft was down 3.1% and Apple was down 1%. US politicians are taking aim … Continue reading Green Cred
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
