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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 14 August 2019
South Africa
Gold miners pulled the JSE down on Tuesday as global risk appetite improved on news that the US will lift some tariffs on Chinese goods. The local bourse fell 0.32%.
United States
Wall Street rose on Tuesday after the US announced a delay on select Chinese import tariffs, bringing buyers back to the equity market in a broad-based rally. Just after the JSE closed the Dow climbed to 1.55%.
Europe
European shares recovered yesterday after Washington’s move to delay tariffs on some Chinese goods provided a lift to global sentiment. After the JSE closed the FTSE 100 had gained 0.39%, the CAC 40 1.35%, and the DAX 30 was up by 0.86%.
Hong Kong
Hong Kong shares dropped on Tuesday as escalating anti-government protests left the city’s airport in a gridlock on Monday. At the close of trade, the Hang Seng index was down 2.10%.
Japan
Japanese shares fell on Tuesday, hurt by fresh turmoil in Hong Kong and a firmer yen that hit cyclical sectors and exporters. The Nikkei share average fell 1.11%.
Rand
The rand was weaker on Tuesday afternoon as investors shied away from risk assets in the wake of escalating political protests in Hong Kong. At 20h30, a dollar traded at R15.14.
Precious metals
Gold reached highs on Tuesday as unrest in Hong Kong and a rout in the Argentine peso drove investors into havens such as bullion. At 20h30, an ounce of spot gold traded at $1 501.23.
Oil
Oil prices fell on Tuesday on lingering concerns over global demand and rising US production, though expectations for major producers to further curtail output offered support. A barrel of Brent crude traded for $58.37 at 20h30.
Gold miners pulled the JSE down on Tuesday as global risk appetite improved on news that the US will lift some tariffs on Chinese goods. The local bourse fell 0.32%.
United States
Wall Street rose on Tuesday after the US announced a delay on select Chinese import tariffs, bringing buyers back to the equity market in a broad-based rally. Just after the JSE closed the Dow climbed to 1.55%.
Europe
European shares recovered yesterday after Washington’s move to delay tariffs on some Chinese goods provided a lift to global sentiment. After the JSE closed the FTSE 100 had gained 0.39%, the CAC 40 1.35%, and the DAX 30 was up by 0.86%.
Hong Kong
Hong Kong shares dropped on Tuesday as escalating anti-government protests left the city’s airport in a gridlock on Monday. At the close of trade, the Hang Seng index was down 2.10%.
Japan
Japanese shares fell on Tuesday, hurt by fresh turmoil in Hong Kong and a firmer yen that hit cyclical sectors and exporters. The Nikkei share average fell 1.11%.
Rand
The rand was weaker on Tuesday afternoon as investors shied away from risk assets in the wake of escalating political protests in Hong Kong. At 20h30, a dollar traded at R15.14.
Precious metals
Gold reached highs on Tuesday as unrest in Hong Kong and a rout in the Argentine peso drove investors into havens such as bullion. At 20h30, an ounce of spot gold traded at $1 501.23.
Oil
Oil prices fell on Tuesday on lingering concerns over global demand and rising US production, though expectations for major producers to further curtail output offered support. A barrel of Brent crude traded for $58.37 at 20h30.
Our daily update
In the latest customs data released by the South African Revenue Service (SARS) we cover South Africa's export to and imports from Nigeria. And based on the data so far in 2019, South Africa has a trade deficit with Nigeria of almost R25 billion. So we as South Africa exported R25 billion less to Nigeria so far in 2019 than what we imported.
Read full article here
Read 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 South African stock market is still up substantially for the year, with the only negative months so far being the month of May in which markets pulled back pretty sharply. But the markets rebounded in June with it ending up close to 5% for the month.
The JSE All Share Index ended the month of July down by -2.6%. Only the second negative month for the JSE in 2019. So far August has gotten off to a horrible start, with the JSE All Share index losing -2.6% so far in August 2019. The strong decline for August 2019 is largely driven by the trade and currency war going on between the United States and China.
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
The JSE All Share Index ended the month of July down by -2.6%. Only the second negative month for the JSE in 2019. So far August has gotten off to a horrible start, with the JSE All Share index losing -2.6% so far in August 2019. The strong decline for August 2019 is largely driven by the trade and currency war going on between the United States and China.
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