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
Brent Oil Futures
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Gold Futures
Top 40 Futures

 

Market Indicators

Commodities $ Cross Currencies ($) Major Indices
Gold 1756.75 (-0.05) USD/ZAR 14.97 Top40 58839.09 (+0.20)
Platinum 1029.10 (+4.66) GBP/ZAR 20.43 Dow 30 34746.25 (-0.03)
Brent 83.72 (+0.90) EUR/ZAR 17.33 S&P 500 4391.36 (-0.19)
Copper 4.29 (+0.70) EUR/USD 1.1574 FTSE 7095.55 (+0.25)
Palladium 2130.00 (+8.57) USD/JPY 112.66 DAX 15206.13 (-0.29)
Iron Ore 116.00 (+5.17) BITCOIN 56434.70 Shanghai 3609.14 (+0.80)
Source:  Investing.com