South Africa
The JSE all share index closing the day at 66 372 from its opening price of 66 654.
On Friday the South African equity markets saw Aveng Ltd. (AEG) being the biggest loser of the day with a -16.67% loss moving from R0.06 to close the day at R0.05, 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 continues to recover against the US Dollar closing at R14.37 from its opening price of R14.46
Commodities
Commodities closed off last week on a positive note.
Gold moved from 1 809.66 USD/oz to 1 827.73 USD/oz.
Copper slightly gained, closing at 9 420.50 USD/t. from its opening price of 9 364.26 USD/t.
Platinum gained by 2.4%, closing the day at 1026.76 USD/oz from its opening price of 1002.25 USD/oz.
Oil prices continued taking a knock, with Brent Crude moving from 73.03 to closing at 72.61 USD.
Global Markets
The US Dollar index continues at lows following NFP headline missed, although the rest of the report was strong while taper expectations moving to Nov/Dec.
After a week of record breaking highs from the NASDAQ and USA500, Equities slipped on Friday ahead of long weekend in the USA with the USA500 taking a -0.03% knock closing at 4535.
The December Bund futures are down 8 ticks, while the U.S. futures are also lower. Investors are waiting for the European Central Bank to announce a reduction in asset purchases this week. Lagarde will try to downplay the importance of the meeting, as she will likely stress the dovishness of the rate outlook.
In Europe, the FTSE 100 and DAX are up, while U.S. futures are also higher. In FX markets, Sterling and EUR declined against a stronger dollar.
USOil crashed following price cuts from Saudi Arabia to Asian customers.
Things to watch today
Bank of England (BoE) Monetary Policy Committee (MPC) Member Saunders Speaks, IHS Markit Germany Construction PMI, U.K. Construction Purchasing Managers Index (PMI)
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.
