Daily Report 15 November

SA Company News:

The JSE All Share Index extended it gains on Friday, rising 1.14% to a record high of 69 921, helped by an over 9% jump in shares of luxury retailer Richemont. Richemont reported a jump in net profit to 1.249 billion euros ($1.43 billion) in the first half of its fiscal year 2021/2022, beating a forecast for 1.151 billion euros. Zeder, part of the PSG Group is selling its majority stake in The Logistics Group for R1.6bn. Vodacom Group reported a 5.1% fall in half-year earnings. Headline earnings per share fell to 505 cents in the six months ended 30 September 2021, down from 532 cents a year earlier and declared an interim dividend of 420 cents per share.

SA Economy:

Eskom has urged South Africans to play their part in reducing the risk of load shedding and the severity of it when it cannot be avoided. The load shedding is set to be suspended today after an improvement to the power utility’s generation capacity. Attention this week will be on Stats SA’s October inflation number as well as Reserve Bank governor Lesetja Kganyago will meet for three days with his monetary policy committee to decide on whether to raise interest rates.

Global Economy:

Hong Kong’s economic growth expanded 5.4% year-on-year in the third quarter of 2021, slowing from a 7.6% jump in the second quarter. Annual inflation rate in India increased to 4.48% in October of 2021 from 4.35% in September, slightly higher than market forecasts of 4.32%.  China’s retail sales rose by 4.9% year-on-year in October 2021 compared to a 4.4% increase in the previous month and beating market expectations of 3.5%.

Global Company News:

The main reason for the recent pullback in US markets was data showing inflation rose to a three-decade high in October. Johnson & Johnson also announced that it is splitting into two publicly traded companies, one focused on drugs and medical devices and the other on consumer products. AstraZeneca reported revenue of $9.87 billion and adjusted earnings of $1.08 per share. AstraZeneca has also stated that it would begin to sell its coronavirus vaccine for a profit.

Commodities:

Gold lost 0.38% to $1 857/oz and Platinum flat at $1 082. Brent crude was 0.6% weaker at $81.40 a barrel. 

 

Economic Calendar for the week:  

2021/11/15
SOUTH AFRICA
Country Economic Event Date
SA Business Confidence 15-Nov-21
SA Core CPI 17-Nov-21
SA Retail Sales 17-Nov-21
SA Interest Rate Decision 18-Nov-21
INTERNATIONAL
Country Economic Event Date
JPY GDP 15-Nov-21
CNY Industrial Production 15-Nov-21
USD Retail Sales 16-Nov-21
GBP Core CPI 17-Nov-21
EUR Core CPI 17-Nov-21
USD Building Permits 17-Nov-21
USD Initial Jobless Claims 17-Nov-21
USD Philadelphia Fed Manufacturing Index 18-Nov-21
GBP Retail Sales 19-Nov-21
SOUTH AFRICA
Ticker Company Date
ARL Astral Foods Ltd – FY21 Earnings 15-Nov-21
VOD Vodacom Group Ltd – 1H22 Earnings 15-Nov-21
SHP Shoprite Holdings Ltd – 1Q update 15-Nov-21
SSS Stor-Age Property – 1H22 Earnings 16-Nov-21
TCP Transaction Capital – FY21 Earnings 16-Nov-21
IPF Investec Property Fund – 1H22 Earnings 16-Nov-21
N91 Ninety One PLC – 1H22 Earnings 17-Nov-21
SPP Spar Group Ltd – FY21 Earnings 17-Nov-21
INP Investec PLC – 1H22 Earnings 17-Nov-21
BAT Brait PLC – 1H22 Earnings 18-Nov-21
INL Investec Ltd – 1H22 Earnings 18-Nov-21
LHC Life Healthcare Group – FY21 Earnings 18-Nov-21
NRP NEPI Rockcastle PLC – Business Update 18-Nov-21
PPH Pepkor Holdings Ltd – FY21 Earnings 19-Nov-21
RNI Reinet Investments SCA – 1H22 Earnings 19-Nov-21
TBS Tiger Brands Ltd – FY21 Earnings 19-Nov-21
TSG Tsogo Sun Gaming – 1H22 Earnings 19-Nov-21
INTERNATIONAL : United States
Ticker Company Date
TSN US Tyson Foods – 4Q21 Earnings 15-Nov-21
HD US Home Depot – 3Q21 Earnings 16-Nov-21
WMT US Walmart Inc – 3Q22 Earnings 16-Nov-21
CSCO US Cisco Systems – 1Q22 Earnings 17-Nov-21
NVDA US NVIDIA Corp – 2Q22 Earnings 17-Nov-21
AMAT US Applied Materials Inc – 4Q21 Earnings 18-Nov-21
INTERNATIONAL : Europe
Ticker Company
SOON SW Sonova Holdings AG – 1H22 Earnings 15-Nov-21
HSV LN HomeServe PLC – 1H22 Earnings 16-Nov-21
VOD LN Vodafone Group PLC – 1H22 Earnings 16-Nov-21
SGE LN Sage Group PLC – FY21 Eearnings 17-Nov-21
EXPN LN Experian PLC – 1H22 Earnings 17-Nov-21
INTERNATIONAL : Asia
Ticker Company
005250 KS Green Cross Holdings Corp – 3Q21 Earnings 15-Nov-21
005380 KS Hyundai Motor Corp – 3Q21 Earning 15-Nov-21
000270 KS Kia Corp – 3Q21 Earnings 15-Nov-21
003550 KS LG Corp – 3Q21 Earnings 15-Nov-21
BIDU US Baidu Inc – 3Q21 Earnings 17-Nov-21
BABA US Alibaba Group Holding Ltd – 2Q22 Earnings 18-Nov-21
JD US JD.com Inc – 3Q21 Earnings 18-Nov-21

Currencies:

The rand was weaker at R15.31 against the US Dollar, R20.56 against the British Pound and R17.54 against the Euro. The Euro flat at $1.144.

Brent Oil Futures
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Gold Futures
Top 40 Futures

 

Market Indicators

Commodities $ Cross Currencies ($) Major Indices
Gold 1857,00 (-0.10) USD/ZAR 15,30 Top40 63263,00 (+1.40)
Platinum 1073,00 (-0.53) GBP/ZAR 20,45 Dow 30 36100,00 (+0.50)
Brent 81,7 (-0.67) EUR/ZAR 17,50 S&P 500 4682,00 (+0.72)
Copper 442,00 (+0.05) EUR/USD 1,1440 FTSE 7346,00 (-0.51)
Palladium 2093,00 (+1.09) USD/JPY 114,19 DAX 16101,00 (+0.10)
Iron Ore 88,20 (-1.50) BITCOIN 64661,10 Shanghai 3533,00 (-0.16)
Source:  Investing.com