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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 March 2019
South Africa
Despite strong mining production figures, Thursday ended flat for the JSE as disappointing economic data releases bred caution amongst investors. At the close of trade, the All Share was down 0.07%.
United States
US market sentiment dropped on Thursday after a report was released stating that Presidents Donald Trump and XI Jinping’s trade meeting will most likely be postponed to, at the earliest, April. At 19h20, the Dow stood 0.02% higher.
Europe
European shares hit a five-month high on Thursday as investor sentiment improved, however, Bloomberg warned that a delay in the US-China trade deal could upset gains. The British parliament met once again on Thursday night to vote on whether to postpone their exit from the EU. The pan-European STOXX 600 index closed 0.78% up.
Hong Kong
Chinese indices extended losses on Thursday due to trade negotiations with the US slowing down and Chinese industrial production reaching a 17-year low in January and February. At the end of trade, the Shanghai had fallen by 1.20%.
Japan
Thursday was a flat day for the Nikkei as gains by index-heavyweight SoftBank were offset by disappointing Chinese data that increased concerns over a slowing global economy. At 19h20, the Nikkei was 0.04% up.
Rand
Weak manufacturing data locally and a lower US inflation rate hurt the rand on Thursday, however, it started to recover towards the end of the day. At 19h20, a dollar cost R14.51, a euro R16.40 and a pound R19.27.
Precious metals
On Thursday silver prices fell for the first time in five sessions as investors supported European shares after the British parliament voted against a no-deal Brexit. At 19h20, an ounce of spot gold was trading at $1 295.99 and silver at $15.17.
Oil
It was a mixed Thursday for oil prices due to meagre Chinese data and slower US stock markets being countered by OPEC’s decision to possibly lower production till after July. At 19h20, a barrel of Brent crude was trading at $67.18.
Despite strong mining production figures, Thursday ended flat for the JSE as disappointing economic data releases bred caution amongst investors. At the close of trade, the All Share was down 0.07%.
United States
US market sentiment dropped on Thursday after a report was released stating that Presidents Donald Trump and XI Jinping’s trade meeting will most likely be postponed to, at the earliest, April. At 19h20, the Dow stood 0.02% higher.
Europe
European shares hit a five-month high on Thursday as investor sentiment improved, however, Bloomberg warned that a delay in the US-China trade deal could upset gains. The British parliament met once again on Thursday night to vote on whether to postpone their exit from the EU. The pan-European STOXX 600 index closed 0.78% up.
Hong Kong
Chinese indices extended losses on Thursday due to trade negotiations with the US slowing down and Chinese industrial production reaching a 17-year low in January and February. At the end of trade, the Shanghai had fallen by 1.20%.
Japan
Thursday was a flat day for the Nikkei as gains by index-heavyweight SoftBank were offset by disappointing Chinese data that increased concerns over a slowing global economy. At 19h20, the Nikkei was 0.04% up.
Rand
Weak manufacturing data locally and a lower US inflation rate hurt the rand on Thursday, however, it started to recover towards the end of the day. At 19h20, a dollar cost R14.51, a euro R16.40 and a pound R19.27.
Precious metals
On Thursday silver prices fell for the first time in five sessions as investors supported European shares after the British parliament voted against a no-deal Brexit. At 19h20, an ounce of spot gold was trading at $1 295.99 and silver at $15.17.
Oil
It was a mixed Thursday for oil prices due to meagre Chinese data and slower US stock markets being countered by OPEC’s decision to possibly lower production till after July. At 19h20, a barrel of Brent crude was trading at $67.18.
Our daily update
So yesterday news broke that Standard Bank is looking to cut jobs. Standard Bank will cut around 1,200 jobs and close 91 branches as part of efforts to digitise its retail and business bank, it said. Not good considering South Africa's unemployment rate is sitting at around 27.5%. See our unemployment page for more.
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.
While the JSE All Share has seen two positive trading days in a row, the return provided by it so far for March 2019 is still in negative territory, with the returns for March 2019 being -0.41%. And while there overall returns of the JSE All Share so far in 2019 has been positive (as shown by our 2019 Calendar tracker) 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