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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 26 March 2019
South Africa
In its second sharpest daily decline of the year, the JSE tracked broad-based losses from across the globe on Monday as apprehensions over a decelerating global economy was the order of the day. At 18h10, the All Share had sharply fallen by 1.32%.
United States
US markets endured a tough day of trade on Monday as declines in the technology sector dragged American shares through the mud, following concerns of a global slowdown. At 18h15, the Dow Jones Futures had fallen 0.12%.
Europe
It was a choppy day of trade in Europe as investors expressed great concern over a decelerating global economy and poor growth, but upbeat business sentiment eased fears of a recession in Germany. At 18h20, the pan-European STOXX 600 index lost 0.51%.
Hong Kong
Investors absconded equities on mounting fears over reports of a looming US recession and on caution ahead of renewed US-Sino trade negotiations, pushing Hong Kong stocks to a near three-week low on Monday. The Hang Seng ended the day at a sharp loss of 2.02%.
Japan
Japan’s Nikkei suffered the most as investors looked to bonds and other safe asset classes following apprehensions over a global economic slowdown. At 18h35 the Japanese Nikkei had lost over 3%.
Rand
The rand strengthened against major global currencies on Monday, particularly against the pound as unravelling Brexit developments continued to cause uncertainty and wreaked havoc on the financial markets. At 18h40, the rand traded R18.91 against the pound sterling.
Precious metals
Reports of a possible recession in the US prompted investors to seek safe-haven assets, thus significantly pushing up the price of gold. At 18h50, spot gold was trading at $1 322.11 an ounce.
Oil
Oil prices remained steady on Monday as support from constricted supply due to Opec’s production cuts countered fears of sluggish growth in the global economy. At 19h00, a barrel of Brent crude was trading at $67.09.
In its second sharpest daily decline of the year, the JSE tracked broad-based losses from across the globe on Monday as apprehensions over a decelerating global economy was the order of the day. At 18h10, the All Share had sharply fallen by 1.32%.
United States
US markets endured a tough day of trade on Monday as declines in the technology sector dragged American shares through the mud, following concerns of a global slowdown. At 18h15, the Dow Jones Futures had fallen 0.12%.
Europe
It was a choppy day of trade in Europe as investors expressed great concern over a decelerating global economy and poor growth, but upbeat business sentiment eased fears of a recession in Germany. At 18h20, the pan-European STOXX 600 index lost 0.51%.
Hong Kong
Investors absconded equities on mounting fears over reports of a looming US recession and on caution ahead of renewed US-Sino trade negotiations, pushing Hong Kong stocks to a near three-week low on Monday. The Hang Seng ended the day at a sharp loss of 2.02%.
Japan
Japan’s Nikkei suffered the most as investors looked to bonds and other safe asset classes following apprehensions over a global economic slowdown. At 18h35 the Japanese Nikkei had lost over 3%.
Rand
The rand strengthened against major global currencies on Monday, particularly against the pound as unravelling Brexit developments continued to cause uncertainty and wreaked havoc on the financial markets. At 18h40, the rand traded R18.91 against the pound sterling.
Precious metals
Reports of a possible recession in the US prompted investors to seek safe-haven assets, thus significantly pushing up the price of gold. At 18h50, spot gold was trading at $1 322.11 an ounce.
Oil
Oil prices remained steady on Monday as support from constricted supply due to Opec’s production cuts countered fears of sluggish growth in the global economy. At 19h00, a barrel of Brent crude was trading at $67.09.
Our daily update
Yesterday we looked at the latest trading statistics released by the JSE. And it showed that for once foreigners were net buyers of SA listed shares. All be it very small net buyers. But for the year to date (YTD) they remain strong net sellers of JSE listes stocks. Find out more about the latest JSE trading statistics 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 JSE All Share have seen two significantly red trading days in the last week, as fears about a slow down in China grips the markets. In addition to this, there is concerns that a slow down in China will affect the USA and a possible recession looming for the world's biggest economy. With all this in mind the JSE All Share is down -1.28% for the month of March so far. While it ended January and February in the green, it looks like March will be a red month of the JSE All Share.
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
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