South Africa Moves To Stricter Level 3 Of Lockdown Including Ban On All Alcohol Sales

29/12/2020 Wall Street closes higher, head for fresh record on U.S. Aid. Most Asian stocks rose with U.S. and European futures Tuesday after the House backed higher stimulus checks following President Donald Trump’s signing of the virus relief bill. The dollar slipped with Treasuries. Oil rose on Tuesday on expectations of rising fuel demand as the U.S may expand their pandemic aid payments and a final Brexit deal is set to stabilize trade between Europe and the UK. Brent crude climbed 0.55%, to $51.21 a barrel. The JSE fell 0.29% to 59,006 points and the Top-40 0.31% – dragged down by Naspers as the stock slumped 3.8% to R2,878.72. Chinese regulators are probing several tech giants for alleged anti-competitive behaviour, including Alibaba and Tencent.

• South Africa’s Trade Surplus Widens to 36.7 Billion Rand
• SA expects its first Covid-19 vaccines only after March 2021
• (EXX SJ): IDC Cancels Deal for Exxaro Stake in Vedanta’s Black Mountain (1)
• 10H00: South African Constitutional Court to hear application by state-corruption inquiry to compel former President Jacob Zuma to testify
• Western Cape Premier Alan Winde to provide an update on Covid-19 infections in the province

European stocks broke for the holiday season marginally higher as investors were still awaiting the much-heralded “imminent” Brexit trade deal. Officials were reportedly still wrangling over fishing rights, hence why Prime Minister Boris Johnson’s announcement hasn’t happened yet. The pan-European STOXX 600 index was up 0.17%, FTSE 100 closed up just 0.1%, the DAX gained 1.49%.

The S&P 500 climbed to a record high, extending a three-day advance after President Donald Trump signed a pandemic relief bill. Stock futures opened higher on Tuesday following a record-setting day on Wall Street. Dow futures up 0.61%, S&P500 0.48% stronger, alongside the Nasdaq’s 0.31% in the green. The economic relief measure approved by the U.S. Congress includes a second round of direct stimulus payments to households – an acknowledgment that families need another injection of cash to get through the latest surge in coronavirus cases and the restrictions that followed.

Stock markets in Asia jumped on Tuesday, with Japanese stocks hitting a 30-year high – U.S. pandemic relief package and Brexit trade deal supported investor risk appetite.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.46%. Australian stocks rose 0.55%. Japan’s Nikkei leapt whooping 2.65% – highest since August 1990. Shares in China marginally off 0.13%.