|
Related Topics |
|
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.
|
|
Short summary of PSG's market commentary for 25 February 2019
South Africa
The local bourse ended the week by recovering losses due to general retailers and financial services performing well, and optimism surrounding the trade negotiations between the US and China. At close of trade, the All Share was up by 0.92% and the Top 40 by 1.08%.
United States
US markets rose on Friday as signs that Washington and Beijing were making progress regarding the trade dispute boosted technology shares. At market close, the Dow Jones Industrial Average was 0.70% in the green.
Europe
European shares climbed somewhat on Friday as investors awaited news about the trade talks, and positive company results from Sweden's Elekta and France's Sopra Steria lifted indices. At the close of business, the STOXX 600 was 0.22% up.
Hong Kong
Asian shares made up some lost ground on Friday due to investors being optimistic that China and the US will soon resolve their trade dispute. At market close, the Hang Seng was 0.65% higher.
Japan
The Nikkei dropped slightly on Friday due to weak US economic releases. However, the positivity around the trade negotiations lifted investor sentiment. At the close of trade, the Nikkei traded 0.18% down.
Rand
The local currency ended the week on an incline on the back of a Moody’s statement that the new South African budget did not weaken its policy credibility. At 17h30, a dollar cost R13.98.
Precious metals
Bullion prices ended the week on a high as investors searched for a safe haven due to concerns around the global economy slowing down. At 17h30, an ounce of gold cost $1 330.29.
Oil
Brent crude prices strengthened on Friday as Opec continued to cut supply and hope rose that the US and China may soon end their tariff war. At 17h30, Brent crude traded at $67.25 per barrel.
The local bourse ended the week by recovering losses due to general retailers and financial services performing well, and optimism surrounding the trade negotiations between the US and China. At close of trade, the All Share was up by 0.92% and the Top 40 by 1.08%.
United States
US markets rose on Friday as signs that Washington and Beijing were making progress regarding the trade dispute boosted technology shares. At market close, the Dow Jones Industrial Average was 0.70% in the green.
Europe
European shares climbed somewhat on Friday as investors awaited news about the trade talks, and positive company results from Sweden's Elekta and France's Sopra Steria lifted indices. At the close of business, the STOXX 600 was 0.22% up.
Hong Kong
Asian shares made up some lost ground on Friday due to investors being optimistic that China and the US will soon resolve their trade dispute. At market close, the Hang Seng was 0.65% higher.
Japan
The Nikkei dropped slightly on Friday due to weak US economic releases. However, the positivity around the trade negotiations lifted investor sentiment. At the close of trade, the Nikkei traded 0.18% down.
Rand
The local currency ended the week on an incline on the back of a Moody’s statement that the new South African budget did not weaken its policy credibility. At 17h30, a dollar cost R13.98.
Precious metals
Bullion prices ended the week on a high as investors searched for a safe haven due to concerns around the global economy slowing down. At 17h30, an ounce of gold cost $1 330.29.
Oil
Brent crude prices strengthened on Friday as Opec continued to cut supply and hope rose that the US and China may soon end their tariff war. At 17h30, Brent crude traded at $67.25 per barrel.
Our daily rant..
Friday was an extremely quiet day on the markets and we spent our time looking at the average prices of various cuts of meat South Africans like to cook/braai over the weekends. See more about that article here. Braai Meat prices per kilogram. Lamb chops is by far the most expensive piece of cut across all provinces, while Chicken is the cheapest.
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.
The first trading day of February ended in the red. In contrast to January in which every Friday ended the day in the green, so far for February 2019 every Friday has ended in the red. So far the market has increased by 3.4% during the 22 days of February 2019. While the markets started the month of relatively directionless, it has increased pretty nicely over the last two weeks, as a possible deal between the USA and China on trade seems to becoming more likely, easing fears and jitters in the markets and therefore "risk on" assets such as South African shares are finding favour with investors, both local and international.