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PSG daily investment update 15 April 2019
Date: 15 April 2019 Category: Stock Market |
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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 15 April 2019
South Africa
The JSE closed higher on Friday, with miners taking the lead. The All Share firmed to 0.38%.
United States
US shares rose on Friday, as banking shares surged after strong results from J.P. Morgan. Shortly after the JSE closed, the Dow was up 0.73%.
Europe
Eurozone data came in better than expected on Friday. Industrial production in March contracted only 0.20% year-on-year, compared to the market consensus of a decline of 0.60%. Shortly after the JSE closed, the FTSE 100 had gained 0.26%, the CAC 40 0.34%, and the DAX 30 0.55%.
Hong Kong
The Hang Seng closed higher on Friday after better-than-expected exports data on the mainland was released. The Hang Seng index closed up 0.24%.
Japan
The Nikkei rose on Friday, but gains were capped as investors stayed on the sidelines due to an upcoming 10-day holiday in Japan. The Nikkei closed up by 0.73%.
Rand
The rand was firmer against the dollar on Friday, with global sentiment boosted after better-than-expected industrial production data was released in the Eurozone. At 20h30, a dollar traded at R13.96.
Precious metals
A weaker dollar helped gold prices steady on Friday, trading at $1 291.58 an ounce at 20h30.
Oil
Oil prices rose on Friday as involuntary supply cuts from Venezuela, Libya and Iran supported perceptions of a tightening market. A barrel of Brent crude traded at $72.19 at 20h30
The JSE closed higher on Friday, with miners taking the lead. The All Share firmed to 0.38%.
United States
US shares rose on Friday, as banking shares surged after strong results from J.P. Morgan. Shortly after the JSE closed, the Dow was up 0.73%.
Europe
Eurozone data came in better than expected on Friday. Industrial production in March contracted only 0.20% year-on-year, compared to the market consensus of a decline of 0.60%. Shortly after the JSE closed, the FTSE 100 had gained 0.26%, the CAC 40 0.34%, and the DAX 30 0.55%.
Hong Kong
The Hang Seng closed higher on Friday after better-than-expected exports data on the mainland was released. The Hang Seng index closed up 0.24%.
Japan
The Nikkei rose on Friday, but gains were capped as investors stayed on the sidelines due to an upcoming 10-day holiday in Japan. The Nikkei closed up by 0.73%.
Rand
The rand was firmer against the dollar on Friday, with global sentiment boosted after better-than-expected industrial production data was released in the Eurozone. At 20h30, a dollar traded at R13.96.
Precious metals
A weaker dollar helped gold prices steady on Friday, trading at $1 291.58 an ounce at 20h30.
Oil
Oil prices rose on Friday as involuntary supply cuts from Venezuela, Libya and Iran supported perceptions of a tightening market. A barrel of Brent crude traded at $72.19 at 20h30
Our daily update
We suggest readers head over the our Peregrine Treasury Services weekly wrap page to get a detailed overview of the events on world markets, economics and politics for the last week. Read all about it 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.
A very strong start to the first quarter of the month of April 2018 with the JSE All Share Index being up 3.4% since the start of April 2019. Can the JSE All Share index make it 4 positive months in a row?
This following three months of positive returns for the JSE All Share Index. But while there overall returns of the JSE All Share so far in 2019 has been positive (as shown by our 2019 Calendar tracker) 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
This following three months of positive returns for the JSE All Share Index. But while there overall returns of the JSE All Share so far in 2019 has been positive (as shown by our 2019 Calendar tracker) 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