Daily Post 6 September 2021

SA Company News:

The JSE All-Share index closed 0.4% lower at 66,372 on Friday extending losses for a third straight session. The JSE traded in line with global peers even as the strong ZAR weighed on the market. There were strong gains in gold and platinum miners but were not enough to offset losses in the overall market. Fashion group Truworths fell 12% after results showed them losing market share in SA.

 SA Economy:

Traders will closely watch second-quarter GDP figures due tomorrow to assess the health of South Africa’s economy, followed by mining production for June on Wednesday.South African private sector activity stabilised last month after a sharp downturn in July.The South African Purchasing Managers’ Index (PMI) rose to 49.9 in August from an 11-month low of 46.1, in July.This improvement was due to much softer falls in output, new orders and inventories, coupled with a renewed increase in headcount.

Global Economy:

Friday saw US markets mixed after non-farm payrolls missed and wages rose faster than expected.lnvestors had to digest a disappointing US jobs report showing the world’s largest economy added only 235 thousand jobs in August, missing market expectations of 750 thousand.European equity markets ended lower on Friday as concerns about the pace of recovery in the world’s largest economy weighed on investors.

Commodities:

Brent crude futures declined more than 1% to trade around $71.7 per barrel on Monday, after state oil giant Saudi Aramco notified customers in a statement on Sunday that it would cut October official selling prices for Asia by at least $1 a barrel.Gold prices were little changed, trading at a near 2-1/2-month peak on Monday at $1825.

 Currencies:

The USD on Monday traded close to its lowest level in over a month, as traders pushed back expectations for when the Federal Reserve will begin reducing bond purchases.EUR / USD 1.1870
The South African rand traded around R14.30 against the US dollar, hovering around its strongest level since early August.

Economic Calendar for the week:
2021/09/06
SOUTH AFRICA
Country Economic Event Date
SA Gross domestic product (GDP) 07-Sep-21
SA Foreign Reserves 07-Sep-21
SA 2nd Quarter Current Account 09-Sep-21
SA Business Confidence Index 09-Sep-21
SA Manufacturing Production Index 09-Sep-21
 
INTERNATIONAL
Country Economic Event Date
US Public Holiday – Labor Day 06-Sep-21
CH China’s Inflation rate 09-Sep-21
EUR ECB Interest Rate Decision 09-Sep-21
US Producer Price Index (PPI) 10-Sep-21
 
SOUTH AFRICA
Ticker Company Date
ARI African Rainbow Minerals Limited 06-Sep-21
AVI AVI Limited 06-Sep-21
BVT Bidvest Group Limited 06-Sep-21
IPL Imperial Logistics Limited 07-Sep-21
MTM Momentum Metropolitan Holdings 08-Sep-21
SLM Sanlam Limited 09-Sep-21
SHP Shoprite Holdings Limited 07-Sep-21
INTERNATIONAL
Ticker Company Date
KR Kroger Company 10-Sep-21
ORCL Oracle Corporation 10-Sep-21
GME Gamestop 08-Sep-21

 

 

 

Brent Oil Futures                                              Gold Futures                                           Top 40 Futures

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Market Indicators

Commodities $ Cross Currencies ($)

Major Indices

Gold 1829,55 (+0.84) USD/ZAR 14,28 Top40 60106,72 (-0.42)
Platinum 1021,30 (+2.38) GBP/ZAR 19,78 Dow 30 35369,09 (-0.21)
Brent 71,65 (-2.09) EUR/ZAR 16,96 S&P 500 4535,43 (-0.03)
Copper 4,32 (+0.23) EUR/USD 1,1872 FTSE 7138,35 (-0.36)
Palladium 2420,50 (+0.54) USD/JPY 109,80 DAX 15781,20 (-0.38)
Iron Ore 143,50 (-1.39) BITCOIN 50765,00 Shanghai 3622,81 (+1.23)
Source:  Investing.com