Daily Report 30 August 2021

SA Company News:

The JSE closed higher in line with other emerging markets as Jerome Powell did not suggest a rush to raise interest rates.The JSE All Share gained 0.8% to 67,646 on Friday, the highest since August 18th helped by a rally in heavyweight mining stocks on strong commodity prices.This week will be packed with corporate results, including those of Old Mutual, Aspen and Impala Platinum.

 SA Economy:

Africa is waiting on SA’s nuclear technology. The National Energy Regulator of South Africa has handed the country a golden opportunity to manufacture and export 100 megawatts (MW) HTMR-100 nuclear reactors which do not require water and could be installed in landlocked areas anywhere.A massive 76% of online shoppers abandon their purchases due to technical glitches and problems with making payments. A third of the online shoppers complained that there are too many steps in the purchase process, as well as listing slow websites and a lack of support reasons for cart abandonment.

Global Economy:

Stock markets were higher in Asia after Wall Street hit record highs on Friday. Fed Chair Powell indicated that the central bank would taper by the end of the year but indicated that a reduction in asset purchases will not carry a direct increase in interest rates.European shares trade cautiously on Monday as investors weighed US Federal Reserve Chair Jerome Powell’s signal that Fed support will be withdrawn gradually against concerns over inflationary pressure in Europe.

 

Commodities:

Gold trading at $1814 Monday morning in Asia, continuing to ride a rebound sparked by comments Friday by U.S. Federal Reserve Chairman.Oil prices rose as energy firms suspended production as Hurricane Ida slammed into the U.S southern coast. Commodity prices were broadly higher thanks to a weaker dollar, with palladium gaining 0.14% to $2,421.00 oz.

 

Currencies:

The local currency is at R14.72/$ on Monday morning after touching a five-month low of R15.39/$ two weeks ago.

EUR / USD 1.1805.

Bitcoin $47 865.

Brent Oil Futures                                              Gold Futures                                           Top 40 Futures

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SOUTH AFRICA
Country Economic Event Date
SA Manufacturing Purchasing Managers Index 01-Sep-21
SA  Trade balance for July 2021 31-Aug-21
SA Year on Year Private Sector Credit 31-Aug-21
SA Year on Year Naamsa Vehicle Sales 01-Sep-21
 
INTERNATIONAL
Country Economic Event Date
CH China’s factory activity 31-Aug-21
US Jobless claims report for August 02-Sep-21
UK Public Holiday 30-Aug-21
US Institute for Supply Chain Management of Purchasing Managers survey in the US 01-Sep-21
US Nonfarm payrolls 03-Sep-21
US Unemployment rate 03-Sep-21
 
SOUTH AFRICA
Ticker Company Date
AEG Aveng Limited 31-Aug-21
APN Aspen Pharmacare Holdings Limited 01-Sep-21
DSY Discovery Limited 02-Sep-21
HAR Hormoney Gold Mining Company Limited 31-Aug-21
IMP Impala Platinum Holdings Limited 02-Sep-21
OMU Old Mutual Limited 31-Aug-21
SNT Santam Limited 02-Sep-21
SUI Sun International Limited 31-Aug-21
SPG Super Group Limited 31-Aug-21
TRU Truworths International Limited 02-Sep-21
INTERNATIONAL
Ticker Company Date
AVGO Broadcom Incorporated 02-Sep-21
HPE Hewlett Packard Enterprise Co 02-Sep-21
RI Pernod Richard South Africa 01-Sep-21

 

Brent Oil Futures                                              Gold Futures                                           Top 40 Futures

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Market Indicators

Commodities $

Cross Currencies ($)

Major Indices

Gold 1816,95 (+0.58) USD/ZAR 14,73 Top40 61393,15 (+0.88)
Platinum 1005,45 (+2.30) GBP/ZAR 20,29 Dow 30 35455,80 (+0.68)
Brent 71,78 (+0.85) EUR/ZAR 17,39 S&P 500 4509,37 (+0.88)
Copper 4,35 (+2.53) EUR/USD 1,1802 FTSE 7148,01 (+0.32)
Palladium 2421,50 (+0.14) USD/JPY 109,77 DAX 15851,75 (+0.37)
Iron Ore 155,00 (+2.58) BITCOIN 47907,70 Shanghai 3517,24 (+0.03)
Source:  Investing.com