September 18, 2018

Global: First shots fired in the trade war! US equities continued to improve as employment numbers were indicative of a growing economy, and earnings results were ahead of expectations. The US June nonfarm payrolls added 213,000 new jobs, far outweighing expectations of 195,000, while May’s employment numbers were also revised upwards. Although concerns remained over the Trump administration’s proposed punitive trade taris, an indication later in the month that the US, China and Europe were prepared to renegotiate trade terms also helped improve market sentiment. The oil price registered a sharp decline as OPEC and Russia announced an increase in supply. Read the full article Domestic: Slow road ahead. South African equities failed to follow global markets higher in July, as the local economy remained in the doldrums and a rming of the Rand in the latter part of the... Read More

Global: First shots fired in the trade war! US equities continued to improve as employment numbers were indicative of a growing economy, and earnings results were ahead of expectations. The US June nonfarm payrolls added 213,000 new jobs, far outweighing expectations of 195,000, while May’s employment numbers were also revised upwards. Although concerns remained over the Trump administration’s proposed punitive trade taris, an indication later in the month that the US, China and Europe were prepared to renegotiate trade terms also helped improve market sentiment. The oil price registered a sharp decline as OPEC and Russia announced an increase in supply. Read the full article Domestic: Slow road ahead. South African equities failed to follow global markets higher in July, as the local economy remained in the doldrums and a rming of the Rand in the latter part of the... Read More