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PSG daily investment update 2 May 2019
Date: 2 May 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 2 May 2019
South Africa
Although the JSE closed slightly lower before the public holiday, it rose by 6.33% during April. At the close of trade on Tuesday, the All Share was 0.23% in the negative.
United States
US markets saw a mixed open on Tuesday as investors digested a string of earnings reports and a drop in Alphabet shares (Google’s parent company) weighted on tech-heavy indices. At 18h30, the Dow was 0.25% down.
Europe
The UK market slumped on Tuesday on the back of weak Chinese factory production data in April and mining and export activity in the UK slowed. At the end of trade, the FTSE was 0.44% lower.
Hong Kong
The Hang Seng took a knock on Tuesday, weighed down by energy, property and consumer shares falling ahead of the banking holiday on Wednesday. The Hang Seng closed 0.65% in the red.
Japan
Markets were closed due to a public holiday.
Rand
The rand fell somewhat on Tuesday, as investors cautiously awaited the elections on 8 May 2019. Although only a week away, experts expect volatility in the coming days. At 18h30, the rand traded at R14.33 against the dollar.
Precious metals
Spot gold trading remained mostly flat on Tuesday as investors awaited the US Federal Reserve Bank’s interest rate decision to be made on Wednesday evening. At 18h30, spot gold was trading at $1 283.80 an ounce.
Oil
On Tuesday, oil prices dropped somewhat due to concerns easing that the rebellion against Venezuelan President, Nicolas Maduro, would interfere with Venezuela’s oil production and exports. At 18h30, Brent crude was trading at $72.50 per barrel.
Although the JSE closed slightly lower before the public holiday, it rose by 6.33% during April. At the close of trade on Tuesday, the All Share was 0.23% in the negative.
United States
US markets saw a mixed open on Tuesday as investors digested a string of earnings reports and a drop in Alphabet shares (Google’s parent company) weighted on tech-heavy indices. At 18h30, the Dow was 0.25% down.
Europe
The UK market slumped on Tuesday on the back of weak Chinese factory production data in April and mining and export activity in the UK slowed. At the end of trade, the FTSE was 0.44% lower.
Hong Kong
The Hang Seng took a knock on Tuesday, weighed down by energy, property and consumer shares falling ahead of the banking holiday on Wednesday. The Hang Seng closed 0.65% in the red.
Japan
Markets were closed due to a public holiday.
Rand
The rand fell somewhat on Tuesday, as investors cautiously awaited the elections on 8 May 2019. Although only a week away, experts expect volatility in the coming days. At 18h30, the rand traded at R14.33 against the dollar.
Precious metals
Spot gold trading remained mostly flat on Tuesday as investors awaited the US Federal Reserve Bank’s interest rate decision to be made on Wednesday evening. At 18h30, spot gold was trading at $1 283.80 an ounce.
Oil
On Tuesday, oil prices dropped somewhat due to concerns easing that the rebellion against Venezuelan President, Nicolas Maduro, would interfere with Venezuela’s oil production and exports. At 18h30, Brent crude was trading at $72.50 per barrel.
Our daily update
Yesterday we covered trade between South African and Japan for the first quarter of 2019. During the period January 2019 to March 2019 South Africa had a net trade balance/ trade surplus with Japan of R4.9 billion. So South Africa exported R4.9 billion more to Japan during the period in question than what they imported from Japan. Read the full article here.
Below two tree map images showing the main product categories imported from and exported to Japan for February 2019
Below two tree map images showing the main product categories imported from and exported to Japan for February 2019
Exports to Japan
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Imports from Japan
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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 Index has increased by 3.87% for the month of April 2019. This is by far the strongest showing of any of the months of 2019 and the JSE All Share Index looks set to provide investors with four straight months of positive returns. See our 2019 Calendar tracker for more.
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
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