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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 27June 2019
South Africa
Although miners lost some standing on Wednesday, the JSE closed up firmer due to the US Federal Reserve (Fed) downplaying the likelihood of US rates cuts. As the closing bell struck, the All Share stood 0.18% in the green.
United States
US markets took a knock on Wednesday due to the poor performance in healthcare stocks mixed with uncertainty around US-China trade negotiations. At 22h00, the S&P 500 was trading 0.07% down.
Europe
European shares fell on Wednesday for a fourth consecutive session because of investor anxieties around mixed trade dispute messages and disappointment over the Fed’s monetary comments. At the end of trade, the pan-European STOXX 600 had lost 0.31%.
Hong Kong
On Wednesday, investors in Asian markets remained positively conservative while waiting for the meeting between US President Donald Trump and Chinese President Xi Jinping to be held at the G20 Summit later this week. The Hang Seng closed 0.13% higher.
Japan
Despite chip shares gains on Wednesday, Japanese indices fell due to the Fed resisting pressure from Trump regarding interest rate changes. At the end of trade, the Nikkei had lost 0.35%.
Rand
After the US Treasury Secretary implied that there might be progress regarding the trade deal on Wednesday, boosting risk appetite, the local currency rose. At 22h00, a dollar cost R14.23.
Precious metals
Bullion prices lost some of its earlier gains on Wednesday, gold losing more than 1%, after the Fed took a firmer stance regarding US interest rates, boosting the dollar. At 22h00, an ounce of spot gold traded at $1 409.35.
Oil
On Wednesday, oil prices increased over 2% after US stockpile data indicated lower-than-expected numbers, falling by 12.8 million barrels in the past week. At 22h00, a barrel of Brent crude was trading at $66.32.
Although miners lost some standing on Wednesday, the JSE closed up firmer due to the US Federal Reserve (Fed) downplaying the likelihood of US rates cuts. As the closing bell struck, the All Share stood 0.18% in the green.
United States
US markets took a knock on Wednesday due to the poor performance in healthcare stocks mixed with uncertainty around US-China trade negotiations. At 22h00, the S&P 500 was trading 0.07% down.
Europe
European shares fell on Wednesday for a fourth consecutive session because of investor anxieties around mixed trade dispute messages and disappointment over the Fed’s monetary comments. At the end of trade, the pan-European STOXX 600 had lost 0.31%.
Hong Kong
On Wednesday, investors in Asian markets remained positively conservative while waiting for the meeting between US President Donald Trump and Chinese President Xi Jinping to be held at the G20 Summit later this week. The Hang Seng closed 0.13% higher.
Japan
Despite chip shares gains on Wednesday, Japanese indices fell due to the Fed resisting pressure from Trump regarding interest rate changes. At the end of trade, the Nikkei had lost 0.35%.
Rand
After the US Treasury Secretary implied that there might be progress regarding the trade deal on Wednesday, boosting risk appetite, the local currency rose. At 22h00, a dollar cost R14.23.
Precious metals
Bullion prices lost some of its earlier gains on Wednesday, gold losing more than 1%, after the Fed took a firmer stance regarding US interest rates, boosting the dollar. At 22h00, an ounce of spot gold traded at $1 409.35.
Oil
On Wednesday, oil prices increased over 2% after US stockpile data indicated lower-than-expected numbers, falling by 12.8 million barrels in the past week. At 22h00, a barrel of Brent crude was trading at $66.32.
Our daily update
Yesterday we covered another two well known shares listed in the United States. We looked at the financial results of both FedEx and Johnson & Johnson. Read the stock valuations of FedEx and Johnson & Johnson by clicking on any of the links below
FedEx
Johnson & Johnson
FedEx
Johnson & Johnson
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 after four very positive months on the markets the month of May bucked the trend and saw half the gains made during the first four months of the year on the JSE wiped out in one month. JSE All share index as a whole is up 5% so far in June 2019. Reversing the severe losses on the markets in May 2019. And the South African Rand (ZAR) has made a strong come back in recent weeks.
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
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