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< South Africa's GDP
Economics Main Page >

PSG daily investment update 16 November 2018

​​​Date: 16 November 2018
Category: Stock Market

Related Topics

In our continued efforts to give our readers a broad number of views, opinions and information, we continue to provide PSG's daily market updates and add our own daily rant at the end.
Picture
  • JSE All Share Sunburts chart
  • ​JSE All share pie chart

Short summary of PSG's market commentary for 16 November 2018

South AfricaThe JSE closed higher on Thursday, as concerns around Brexit placed pressure on European markets, while investor sentiment towards emerging markets was slightly more positive. The All Share closed 0.28% in the green.

United States
US stocks struggled on Thursday as an attempt by technology companies to rebound from this week’s sharp losses was outweighed by a batch of weak results and Brexit-related concerns. US retail sales data surprised to the upside, growing 0.80% in October. All three major US indices were trading in the green at 20h50.

Europe
Politics took the reins on Thursday, with market focussed on the UK, as uncertainty emerged over UK Prime Minister Theresa May's ability to ensure a Brexit deal, after two cabinet ministers resigned. This caused the pound to drop about 2%, placing pressure on local UK shares.

Hong Kong
Hong Kong shares ended firmer, lifted by hopes that discussions between China and the US could lead to a trade war compromise. The Hang Seng Index closed up 1.80%.

Japan
The Nikkei dropped on Thursday, after banking stocks fell due to disappointing earnings forecasts. The Nikkei ended 0.20% lower.

Rand
Interest-rate increases in Indonesia and the Philippines lifted sentiment towards emerging markets which boosted the rand yesterday afternoon. The local currency reacted briefly to news that the constitutional review committee in Parliament would recommend changes to the Constitution to expropriate land without compensation. The rand was trading R14.19/$ at 21h00.

Precious metals
Gold held steady on Thursday as the dollar regained momentum after Britain’s Brexit agreement was thrown into turmoil. At 21h00 an ounce of gold traded at $1 212.63.

Oil
The oil price steadied slightly on Thursday, but markets were still concerned about the possibility of oversupply next year. A barrel of Brent crude traded for $66.91 at 21h00.

Our daily rant.. 

Again today is not a rant but good news. Based on the over/under recovery rate as published by the Central Energy Fund (CEF), South Africans are in for a massive price cut in petrol in December 2018. From the looks of it 95 Octane petrol price will decline by about R1.50 a litre. Which is good news for all the holiday makers planning to hit the road this December.

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    • Blog-6Oct2017
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  • Economics
    • Rand Dollar Exchange Rate
    • South Africa's GDP
    • South Africa's Unemployment
    • SA by numbers
    • Economic Progress Index
    • Taylors Rule
    • South Africa's Formal Business Sector
    • South-Africa's-Fiscal-Policy
    • SA EU Trade Data
    • Inflation Heat Map
    • Population Density Map
    • Labour Market Dynamics
    • Estimating the Size of the Informal Economy
    • SA Consumer Spending Patterns
    • South Africa's Monetary Fiscal Policy Mix
    • GDP Animations >
      • SouthAfrica
      • WesternCape
      • EasternCape
      • NorthernCape
      • FreeState
      • KwaZuluNatal
      • NorthWest
      • Gauteng
      • Mpumalanga
      • Limpopo
    • South Africa's Economic Structure
    • South Africa's Economic History
    • South Africa's Trade Data Page
    • South Africa's Food and Beverages Sector
    • Financial Well-being of South African Companies_2015
    • SA vs the World
    • Budget Day Page (24 Feb 2016)
  • Stock in Focus
    • JSE ALSI Chart
    • Sector Comparison Page
    • JSE-Calendar-Tracker-2019
    • Adcorp (ADR)
    • Amazon (AMZN)
    • Apple (AAPL)
    • Ascendis (ASC)
    • AVI (AVI)
    • Bidvest (BVT)
    • Blue Label Telecoms (BLU)
    • Bowler Metcalf (BCF)
    • Capitec (CPI)
    • City Lodge Hotel Group
    • Clicks Group (CLS)
    • Coronation (CML)
    • Curro Holdings (COH)
    • Discovery (DSY)
    • Distell (DST)
    • EOH (EOH)
    • Famous Brands (FBR)
    • Ferrari (RACE)
    • FirstRand Group (FSR)
    • Grindrod (GND)
    • GrowthPoint (GRT)
    • Holdsport (HSP)
    • Harley-Davidson (HOG)
    • Hyprop (HYP)
    • Hyprop (HYP)_1Jun2016
    • Investec Property Fund (IPF)
    • JSE (JSE)
    • Massmart (MSM)
    • MediClinic (MEI)
    • MTN (MTN)
    • MTN (MTN)_May2016
    • Mr Price Group (MRP)
    • Mr Price Group (MRP)_8APR2016
    • Nedbank (NED)
    • OneLogix (OLG)
    • Peregrine Holdings (PGR)
    • Pick 'n Pay Stores (PIK)
    • Pioneer Foods (PFG)
    • PSG Group (PSG)
    • Quantum Foods (QFH)
    • RCL Foods (RCL)
    • Remgro (REM)
    • Richemont (CFR)
    • RMB Holdings (RMH)
    • Rolfes (RLF)
    • Sanlam (SLM)
    • Sasol (SOL)
    • Sasol (SOL)_18sep2016
    • Santova (SNV)
    • Spar Group (SPP)
    • Shoprite Holdings (SHP)
    • Spur Corporation (SUR)_7Sep2017
    • Standard Bank (SBK)
    • Steinhoff International Holdings (SNH)
    • Stor-Age (SSS)
    • Super Group (SPG)
    • Taste Holdings (TAS)_30May2016
    • The Foshini Group (TFG)
    • Value Logistics (VLE)
    • Vodacom (VOD)
    • Wilson Bayly Holmes Ovcon (WBO)
    • Woolworths (WHL)
    • Woolworths (WHL)_24Aug2017
    • Zeder (ZED)
  • Online Calculators
    • Rand Petrol Price Estimator
    • Share Valuation
    • Financial Ratios Calculator
    • GDP Growth Estimator
    • Future Value of Investment Calculator
    • Loan repayment calculator
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  • Search