South Africa
The JSE all share index closing the day at 63 314 from its opening price of 64 385.
On Thursday the South African equity markets saw Astoria Investment Ltd. (ARA) being the biggest loser of the day with a -16.33% loss moving from R4.90 to close the day at R4.10, whilst Chrometco Ltd. (CMO) saw a 28.57% gain moving from R0.07 to R0.09, making it the biggest winner in the equity market.
The Rand closed lower against the US Dollar, moving from R14.41 to R14.60. This could partly be due to the US Retail Sales Print results which were stronger than expected and Philly Fed headline data that support the Fed’s hawks who have been arguing for announcing QE tapering near term.
Commodities
Gold continued on its downward movement yesterday with a move from 1 794.06 USD/oz to 1 753,77USD/oz.
Copper took a dip, closing the day at 9 348,50 USD/t. from its opening price of 9 608.00 USD/t.
Platinum also saw a downward movement on Thursday, closing the day at 936,71 USD/oz from its opening price of 950.07 USD/oz.
Oil prices continued on their rise with Brent Crude moving from 75,67 USD to closing at 75.46 USD.
Global Markets
The USA30 and USA500 closed with declines of -0.18% and -0.16%, respectively, with the USA100 moving up with a 0.13% gain. JPN225 is still up by 0.5%.
USOil off the highs seen earlier in the week.
Things to watch today
U.K. Retail Sales MoM, Eurozone Consumer Price Index (CPI) YoY, New Zealand Business NZ Purchasing Managers Index (PMI), India FX Reserves (USD), Germany 30-Year Bund Auction
Disclaimer
All prices captured are taking from the previous business day. The material is provided for a general information purpose and do not constitute an independent investment research. Nothing in this market wrap contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance.
