Daily Report 11 October 2021

SA Company News:

The JSE All Share index closed 0.13% higher at 65 242 as rising oil prices supported gains in shares of Sasol. MTN Uganda a unit of South Africa’s MTN Group, will release its prospectus today.

SA Economy:

The National Union of Metalworkers of South Africa (NUMSA) said its members are considering a new proposal to end a strike in the engineering sector.

​Global Economy:

The US economy added 194 000 jobs last month well below forecasts of 500 000 due to weakness in the service sector. New Delhi warned of a looming power crisis due to coal shortages. The energy crisis sweeping the world is raising the prospect of a difficult northern hemisphere winter as heating demand rises.

Global Company News:

The Shanghai Composite Index up by 0.3% at 3 600, while the Hang Seng Index in Hong Kong gained 1.6% to 25 256 as news on property company Evergrande subsided. FTSE 100 closes 0.25% higher on Friday over as the Bank of England indicated they will start hiking interest rates sooner rather than later. Shares in India’s Sensex hit an all-time high of 60 426. Third quarter earnings season in the US kicks-off this week.

Commodities:

Gold trading at $1,755 an ounce however concerns over high inflation could continue to support the price. Platinum up 0.14% to 1,028 an ounce and Palladium is flat at $2,078. Brent crude is at a three year high of $84.30.

Currencies:

The rand is 0.13% weaker at $14.93. The euro is trading flat at $1.157.

Economic Calendar for the week:
2021/10/11
SOUTH AFRICA
Country	Economic Event	Date
SA	Business Confidence (September)	11-Oct-21
SA	Mining Production (August)	12-Oct-21
SA	Gold Production (August)	12-Oct-21
SA	Manufacturing Production (August)	12-Oct-21
SA	Retail Sales	13-Oct-21
INTERNATIONAL
Country	Economic Event	Date
UK	BRC Retail Sales Monitor	12-Oct-21
UK	August Unemployment	12-Oct-21
JPY	PPI (September)	12-Oct-21
CNY	Trade Balance (September)	12-Oct-21
EUR	Economic Sentiment (October)	12-Oct-21
UK	GDP	13-Oct-21
USD	Consumer Price Inflation	13-Oct-21
USD	Fed Minutes	13-Oct-21
JPY	Money Supply	13-Oct-21
CNY	Trade Balance	13-Oct-21
USD	OPEC Monthly Report	13-Oct-21
USD	CPI	13-Oct-21
USD	PPI	14-Oct-21
USD	Producer Price Inflation	14-Oct-21
CNY	CPI	14-Oct-21
USD	Retail Sales	15-Oct-21
SOUTH AFRICA
Ticker	Company	Date
CAT	Caxton Publishers	12-Oct-21
L4L	Long4Life Ltd.	14-Oct-21
PPR	Putprop Ltd.	14-Oct-21
INTERNATIONAL
Ticker	Company	Date
BLK	BlackRock	13-Oct-21
JPM	JP Morgan	13-Oct-21
DAL	Delta Airlines	13-Oct-21
C US	Citigroup	14-Oct-21
BAC	Bank of America	14-Oct-21
WFC	Wells Fargo	14-Oct-21
MS	Morgan Stanley	14-Oct-21
GS	Goldman Sachs	15-Oct-21