Morning Notes
Global Stock Markets Fall On Renewed US-China Tensions, Virus Worries Persist and Drop In Tech Stocks
27/06/2020 On Friday the JSE and the local currency ended the week softer as mounting tension between the US and China weighed on risk sentiment. China ordered the US to close its consulate in Chengdu on Friday, in response to an order by the US on Wednesday for China...
Tencent down 5% in HK
24/07/2020 We are in for a weaker start with the FTSE JSE Top40 future down 590 points or 1.1%, Naspers could further weigh, with Tencent down 5% in HK. Asian markets are under pressure this morning with US and European Futures all lower amid concern over escalating...
Higher FTSE JSE Top40
23/07/2020 We are indicating a slightly higher start with the FTSE JSE Top40 future up 250 points or 0.49%, Naspers could provide some support with Tencent up 2.3% in HK. US and European Futures are also ticking higher on further stimulus news and hopes on vaccine...
Silver Rockets Higher, Gold Nears Record in Flight to Havens
22/07/2020 The Local market had a 1000 point swing from top left to bottom right as early solid gains drifted away, the JSE AllShare closed 0.28% higher after been up 2 % early in the session. Naspers led the way up 4.20% after Tencent shot the lights out in Hong...
Asia trades higher with investor sentiment supported by positive vaccine news
21/07/2020 We should start the day on yet another positive note as US markets trade at the highest levels since February, the JSE ALSH closed up 0.63% and will buoyed today with Tencent trading up 6.03% in Hong Kong. Miners drove the market yesterday with Gold trading...
Global Equities Markets Close Firm On Friday On Stimulus Package Hopes
20/07/2020 Gold +0.28% @ $1808.28 , Platinum -0.39% @ $840.39, ZAR -0.21% @ 16.7295 , Brent -0.67% @ $42.57, WTI -0.69% @ $40.32On Friday both the JSE/All-share and the Top-40 index closed in the green, firmer 0.33% and 0.30% respectively as EU leaders deliberate over...
Global equity markets ran out of steam on Thursday torn between hopes of a Covid-19 vaccine and increasing tensions between the US and China.
17/07/2020 Gold +0.09% @ $1798.01, Platinum +0.20% @ $826.20, Brent -0.35% @ $43.22, WTI -0.20% @ $40.65%JSE/All-share index lost 0.25% to 55,808.41 points and the Top-40 index was 0.47% weaker by the close. China warned, on Wednesday, that it would retaliate after...
Asian markets weaken
16/07/2020 We are indicating a lower start with the FTSE JSE Top40 future down 590 points or 1.1% on the back of weaker Asian markets with U.S. and European equity futures also lower, as investors parsed a slew of economic data in China that showed the path of...
Improved FTSE on the back of stronger Asian Markets
15/07/2020 We are indicating a better start with the FTSE JSE Top40 future up 590 points or 1.1% on the back of stronger Asian markets with U.S. and European equity futures also higher, amid optimism that progress is being made in developing a defense against the...