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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.
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Short summary of PSG's market commentary for 11 March 2019
South Africa
The JSE tracked broad-based losses from Asian counterparts on Friday following the release of poor economic data from China. At 17h15 the All Share lost 0.69%.
United States
Following the release of stagnant job growth numbers for February, US stocks fell on Friday, fuelling concerns over a sharp deceleration in domestic economic activity. At 17h30 the Dow had fallen 0.70%.
Europe
European shares dropped on Friday, as less-than-inspiring Chinese economic data weighed heavily on global markets. At 17h30 the pan-European STOXX 600 index lost 0.96%.
Hong Kong
Chinese shares led broad-based losses for Asian markets on Friday, as lower export and import data fuelled concerns over a slowing economy. The Hang Seng ended the day 1.96% lower.
Japan
The Nikkei fell on Friday as trimmed forecasts for European growth and negative Chinese export data weighed heavily on risk appetites. At 17h45 the Nikkei lost 2%.
Rand
The rand fell on Friday as gloomy economic data from China wreaked havoc on global markets. At 18h50 the rand traded R14.43 against the dollar.
Precious metals
Gold prices rebounded on Friday ahead of the release of a US jobs report, while investors continued to express concern over growing signs of a global slowdown. At 18h50 spot gold was trading at $1 296.64 an ounce.
Oil
Oil prices slipped over 2% on Friday after reports showed a sharp decline in Chinese imports and exports over the previous month. At 18h00 a barrel of Brent crude was trading at $64.63.
The JSE tracked broad-based losses from Asian counterparts on Friday following the release of poor economic data from China. At 17h15 the All Share lost 0.69%.
United States
Following the release of stagnant job growth numbers for February, US stocks fell on Friday, fuelling concerns over a sharp deceleration in domestic economic activity. At 17h30 the Dow had fallen 0.70%.
Europe
European shares dropped on Friday, as less-than-inspiring Chinese economic data weighed heavily on global markets. At 17h30 the pan-European STOXX 600 index lost 0.96%.
Hong Kong
Chinese shares led broad-based losses for Asian markets on Friday, as lower export and import data fuelled concerns over a slowing economy. The Hang Seng ended the day 1.96% lower.
Japan
The Nikkei fell on Friday as trimmed forecasts for European growth and negative Chinese export data weighed heavily on risk appetites. At 17h45 the Nikkei lost 2%.
Rand
The rand fell on Friday as gloomy economic data from China wreaked havoc on global markets. At 18h50 the rand traded R14.43 against the dollar.
Precious metals
Gold prices rebounded on Friday ahead of the release of a US jobs report, while investors continued to express concern over growing signs of a global slowdown. At 18h50 spot gold was trading at $1 296.64 an ounce.
Oil
Oil prices slipped over 2% on Friday after reports showed a sharp decline in Chinese imports and exports over the previous month. At 18h00 a barrel of Brent crude was trading at $64.63.
Our daily rant..
Over the weekend we covered the massive plunge in Aspen Pharmacare (APN) share price following the release of their financial results, which really disappointed the markets. Their gearing being the main concern for the market as the cost of debt ballooned on debt held outside of South Africa due to a weaker exchange rate. The share price ended the day down by 28.69% And over the last year the share price has lost -62.55% of its value. Not good news for Aspen investors. For more on Aspen's latest financial results read here.
Our JSE All Share index daily performance calendar
Visit our JSE Calendar tracker page for a expanded version of the calendar below
The graphic below provides the daily returns of the JSE All Share Index (J203) on a calendar chart. Provides a great overview of the All share index over the course of the month. It will be updated daily with our daily investment update as received from PSG.
Markets have remained relatively flat in recent days with it flip flopping between gains and losses. So far for March 2019 the JSE All Share Index has declined by -0.95%. And while there overall returns of the JSE All Share so far in 2019 has been positive we are losing out in Dollar terms. We continue to advise investors to take money out of South Africa and invest it offshore. Looking for ideas for investments to make? Go read this article