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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 inputs in at the end.
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Short summary of PSG's market commentary for 13 December 2019
South Africa
Despite disappointing mining production and producer price inflation data negating JSE gains from the previous session on Thursday, the index still closed up. The All Share rose 0.10%.
United States
Although Apple shares dipped as iPhone shipments in China fell sharply in the past month, Wall Street rose on Thursday thanks to US President Donald Trump tweeting that the US is “very close” to a “big deal” with China, merely days before the US is due to raise tariffs on Chinese imports. At 19h15, the S&P 500 was 0.46% higher.
Europe
European indices enjoyed an upbeat trading day after new ECB Chief, Christine Lagarde, said her committee will soon review the way the bank conducts business. The British pound also made gains last night after the conservatives won the overall majority in the 2019 elections. At 20h00, the pan-European STOXX 600 Index rose 0.33%.
Hong Kong
Bargain hunting investors searching for IT and consumer goods shares, amid a stronger Hong Kong dollar, boosted the Hong Kong index on Thursday. The Hang Seng Index closed up 1.31%.
Japan
Japanese shares traded flat on Thursday as uncertainty around the upcoming US tariff increase kept sentiment low. The Nikkei ended the day 0.14% higher.
Rand
The local currency reached a six-week high against the greenback on Thursday as the US Federal Bank’s flat lending rate decision overshadowed weak local economic data. At 19h15, the rand traded R14.55 to a dollar.
Precious metals
Although palladium reached a new high of $1 944 per ounce on Thursday, gold prices lost some ground after a tweet by Trump saying that the US and China are getting closer to a trade deal boosted riskier trade. At 19h15, an ounce of gold cost $1 469.20.
Oil
On Wednesday, oil prices gained almost 1% on the back of Trump’s optimistic tweet about Beijing and Washington being “very close” to sealing a trade deal. A barrel of Brent crude traded at $64.82 at 19h15
Despite disappointing mining production and producer price inflation data negating JSE gains from the previous session on Thursday, the index still closed up. The All Share rose 0.10%.
United States
Although Apple shares dipped as iPhone shipments in China fell sharply in the past month, Wall Street rose on Thursday thanks to US President Donald Trump tweeting that the US is “very close” to a “big deal” with China, merely days before the US is due to raise tariffs on Chinese imports. At 19h15, the S&P 500 was 0.46% higher.
Europe
European indices enjoyed an upbeat trading day after new ECB Chief, Christine Lagarde, said her committee will soon review the way the bank conducts business. The British pound also made gains last night after the conservatives won the overall majority in the 2019 elections. At 20h00, the pan-European STOXX 600 Index rose 0.33%.
Hong Kong
Bargain hunting investors searching for IT and consumer goods shares, amid a stronger Hong Kong dollar, boosted the Hong Kong index on Thursday. The Hang Seng Index closed up 1.31%.
Japan
Japanese shares traded flat on Thursday as uncertainty around the upcoming US tariff increase kept sentiment low. The Nikkei ended the day 0.14% higher.
Rand
The local currency reached a six-week high against the greenback on Thursday as the US Federal Bank’s flat lending rate decision overshadowed weak local economic data. At 19h15, the rand traded R14.55 to a dollar.
Precious metals
Although palladium reached a new high of $1 944 per ounce on Thursday, gold prices lost some ground after a tweet by Trump saying that the US and China are getting closer to a trade deal boosted riskier trade. At 19h15, an ounce of gold cost $1 469.20.
Oil
On Wednesday, oil prices gained almost 1% on the back of Trump’s optimistic tweet about Beijing and Washington being “very close” to sealing a trade deal. A barrel of Brent crude traded at $64.82 at 19h15
Advertisement (and yes South Africans can buy from Amazon as they deliver to SA)
Our daily update
So as part of our continued average prices articles, we have decided to take a look at the average price per province of various products that are consumed in large amounts over the festive season. These items are Beer, Brandy, Biltong and Biskuit. We will take a look at the average price paid per province as well as the year on year growth rate in the average price paid per province for these particular items. Let's start with one of our personal favourites, Beer. The summary below shows the average price paid per 6 pack (340ml) beer per province. (The number in brackets shows the year on year growth rate in the average price)
Read the full article here
- Western Cape: R 74.36 (3.2%)
- Eastern Cape: R 66.25 (-2.5%)
- Northern Cape: R 67.67 (-1.2%)
- Free State: R 63.99 (-1.6%)
- KwaZulu-Natal: R 66.58 (-4.2%)
- North West: R 73.98 (10.9%)
- Gauteng: R 70.52 (2.3%)
- Mpumalanga: R 69.21 (3.1%)
- Limpopo: no average prices available for Limpopo
Read the full article 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.
So the month of November so the JSE All Share index end -1.75% in the red. And after the first trading week in December 2019 the JSE All Share index is up by a respectable 0.89% for the month of December 2019 so far.
For more on daily market movements see our 2019 Calendar tracker.
But we as South African investors are losing out in Dollar terms. Largely due to continued Rand weakness not only over the short term but over the last couple of years. 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
For more on daily market movements see our 2019 Calendar tracker.
But we as South African investors are losing out in Dollar terms. Largely due to continued Rand weakness not only over the short term but over the last couple of years. 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