The JSE all share index closing the day at 62 864 from its opening price of 63 314.
On Friday the South African equity markets saw Pan African Resources PLC (PAN) being the biggest loser of the day with a -10.06% loss moving from R3.28 to close the day at R2.95, whilst Mahube Infrastructure Ltd. (MHB) saw a 25.75% gain moving from R5.01 to R6.30, making it the biggest winner in the equity market.
The Rand closed lower against the US Dollar, moving from R14.60to R14.74.
The Mid Month Fuel price data shows a strong sign of a decrease in the prices of fuel in South Africa. This data is released by the Central Energy Fund. The Automobile Association has cautioned consumers of the weaker rand that we have seen towards the end of last week and the rising oil prices that could offset the expected fuel price decrease.
Health Minister Joe Phaahla has signalled that the lockdown restrictions may further be relaxed as the number of cases continues to decline.
Gold largely remained flat on Friday with a slight move from 1 753.77 USD/oz to 1 754.34 USD/oz.
Copper took a dip, closing the day at 9 307.25 USD/t. from its opening price of 9 348.50 USD/t.
Platinum slightly recovered on Friday, closing the day at 942.79 USD/oz from its opening price of 936.71 USD/oz.
Oil prices slightly slipped, with Brent Crude moving from 75.67 USD to closing at 75.34 USD.
The US Dollar Index has hit a third day high after a strong close on Friday. The DAX and FTSE 100 are down -0.6% and -0.4% respectively, while U.S. futures are also in the negative, with a nearly 1% decline in the Dow Jones leading the way.
Equities took a knock on Friday with FUTS lower following a weak Asian session with Japan, China, Korea & Taiwan all closed. The USA500 took a -0.91% knock moving to 4433. USA500.F 4385. (Tech giants down around 2% – FB hardest hit -2.24%) – Large volumes too Robinhood +1.00% (ARK invested $14.7 million).
USOil down by $1.20 hitting a third day lower, moving to $71.25 after rejecting $73.00 last week. This is in correlation to the US dollar index.
The December 10-year Bund future is up 24 ticks, outperforming versus Treasury futures, which are also higher though. Bunds, which were under pressure on Friday amid reports suggesting internal inflation projections, saw yields moving higher, but risk aversion picked up again over the weekend as markets eye virus developments and China’s growth outlook.
Things to watch today
Germany Producer Price Index (PPI), Canadian Federal Election, European Central Bank Schnabel Speaks, Hong Kong Consumer Price Index (CPI), New Zealand Westpac Consumer Sentiment.
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