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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 8 April 2019
South Africa
On Friday, the JSE recorded its best week since February in light of positive local news (as Moody’s held off reviewing SA’s credit rating) and global news (US President Donald Trump announced a trade deal is about four weeks away). The All Share closed 0.11% higher.
United States
US markets enjoyed a day of gains on Friday, as higher employment growth reports and hopes of a breakthrough in the US-China trade negotiations eased concerns of a slowdown in the US economy. At 17h30, the Dow Jones rose 0.10%.
Europe
Positive European and US economic releases, optimism around the US-China trade deal, and a possible delay to Brexit all lifted European shares on Friday. The STOXX 600 closed up by 0.09%.
Hong Kong
Markets were closed on Friday because of a public holiday.
Japan
On Friday, the Japanese markets ended in the green as investors bought back shares on the back of positive news regarding the US-Sino trade negotiations. At the end of business, the Nikkei was 0.38% in the green.
Rand
At close of business on Friday, the local currency had enjoyed its best week since the start of the year thanks to the Moody’s decision not to review SA’s credit rating yet. At 17h30, the rand traded R14.06 to the dollar and R18.30 to the pound.
Precious metals
Although bullion prices softened at the end of the week due to positive jobs growth data in the US, the fall was capped by the lower US wage growth data. At 17h30, spot gold was trading at $1 291.51 an ounce.
Oil
The oil price climbed on Friday after the Energy Information Administration cut the US oil production forecasts for the first time since September. At 17h30, Brent crude was trading at $70.46 per barrel.
On Friday, the JSE recorded its best week since February in light of positive local news (as Moody’s held off reviewing SA’s credit rating) and global news (US President Donald Trump announced a trade deal is about four weeks away). The All Share closed 0.11% higher.
United States
US markets enjoyed a day of gains on Friday, as higher employment growth reports and hopes of a breakthrough in the US-China trade negotiations eased concerns of a slowdown in the US economy. At 17h30, the Dow Jones rose 0.10%.
Europe
Positive European and US economic releases, optimism around the US-China trade deal, and a possible delay to Brexit all lifted European shares on Friday. The STOXX 600 closed up by 0.09%.
Hong Kong
Markets were closed on Friday because of a public holiday.
Japan
On Friday, the Japanese markets ended in the green as investors bought back shares on the back of positive news regarding the US-Sino trade negotiations. At the end of business, the Nikkei was 0.38% in the green.
Rand
At close of business on Friday, the local currency had enjoyed its best week since the start of the year thanks to the Moody’s decision not to review SA’s credit rating yet. At 17h30, the rand traded R14.06 to the dollar and R18.30 to the pound.
Precious metals
Although bullion prices softened at the end of the week due to positive jobs growth data in the US, the fall was capped by the lower US wage growth data. At 17h30, spot gold was trading at $1 291.51 an ounce.
Oil
The oil price climbed on Friday after the Energy Information Administration cut the US oil production forecasts for the first time since September. At 17h30, Brent crude was trading at $70.46 per barrel.
Our daily update
Woolworths Holdings (WHL) has launched a limited edition makeup line in collaboration with Beyonce's makeup artist Sir John on Thursday, seeking to strengthen its private label brand in its first international collaboration.
The South African department chain has invested heavily, like its peers, in its beauty business by partnering luxury international brands such as House of Chanel, Estée Lauder and Jo Malone, while strengthening its private label business.
Titled Volume 1, the makeup line is branded as cruelty-free and vegan friendly, a way to tap into the growing demand for more naturally-sourced products that is upending industries.
Head of Beauty at Woolworths, Vivienne Joseph said the partnership with Sir John advances the group's vision of bringing its customers locally produced products that can live alongside the Chanels of the beauty industry.
The South African department chain has invested heavily, like its peers, in its beauty business by partnering luxury international brands such as House of Chanel, Estée Lauder and Jo Malone, while strengthening its private label business.
Titled Volume 1, the makeup line is branded as cruelty-free and vegan friendly, a way to tap into the growing demand for more naturally-sourced products that is upending industries.
Head of Beauty at Woolworths, Vivienne Joseph said the partnership with Sir John advances the group's vision of bringing its customers locally produced products that can live alongside the Chanels of the beauty industry.
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 a very positive start for the month of April has turned into an extremely positive start for the Month of April 2019 with the JSE Al Share being up by 2.31% since the start of April. This following three months of positive returns for the JSE All Share Index. But while there overall returns of the JSE All Share so far in 2019 has been positive (as shown by our 2019 Calendar tracker) 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