The JSE all-share index closing the day at 67 475 from its opening price of 67 615.
On Wednesday the South African equity markets saw Etion Ltd. (ETO) being the biggest loser of the day for two consecutive days with a -47.62% loss moving from R0.63 to close the day at R0.33, whilst Sebata Holdings Ltd. (SEB) saw a 36.59% gain moving from R2.05 to R2.80, making it the biggest winner in the equity market.
The Rand took a knock against the US Dollar on Wednesday, moving from R14.84 to R15.08
Gold moved from 1 1792.91 USD/oz to close on 1 1796.81 USD/oz.
Platinum closed Wednesday at 1 013.04 USD/oz from its opening price of 1 031.06 USD/oz
Copper closed on 9 667.00 USD/t from its opening price of 9 955.50 USD/t
Oil prices took a knock with Brent Crude moving from 86.40 USD to close at 84.58 USD.
US Yields (10yr crashed into close at 1.529) lifted in Asian now 1.57%
Equities lower with the USA500 taking a -23 (-0.51%) knock moving to at 4551 while the DOW JONES took a -0.75% fall. The biggest movers are MSFT with a +4.21% gain while GOOGL gained by + 4.96%, EXXON took a -2.6% knock followed by JPM falling by -2.08%
USOil down on Inventories more than a double build – at 4.3m vs 2.0m and a draw down last week of 400k barrels. Low $ 79.39 earlier from $83.70 on Monday.
The December 10-year Bund future is up 4 ticks, but the 30-year future is moving higher long Gilt futures are rallying, as markets turn pessimistic on the growth outlook. DAX and FTSE 100 futures are managing slight gains though in line with US futures
“The central bank is widely expected to keep policy settings on hold today, after Lagarde signalled last month that the important decisions on the future of PEPP and possible changes to the older APP programmes won’t be taken until December. Still, markets will be hoping for some signals on the flavour of the discussion at the presser. The departure (by year end) of Bundesbank President Weidmann – the most hawkish and traditional central banker at the council – fueled speculation of a further strengthening of the older APP asset purchase programs. The ECB’s mandate will still have to be respected, but by keeping some flexibility for emergency situations the ECB could still send a dovish signal, even if it confirms in December that PEPP will end on time in March next year – as is widely expected.” – Hotforex Head Market Analyst, Stuart Cowell.
Things to watch today
Japan Interest Rate Decision, Bank of Japan Monetary Policy Statement, Bank of Japan Quarterly Outlook Report, Bank of Japan Press Conference, Germany Unemployment Change, South Africa Producer Price Index (PPI) YoY, Euro Zone Deposit Facility Rate, European Central Bank Press Conference, Euro Zone Marginal Lending Facility Rate, European Central Bank Monetary Policy Statement, Eurozone Interest Rate Decision, U.S. Gross Domestic Product (GDP) QoQ, U.S. Pending Home Sales MoM.
Airbus, AB InBev, Carlsberg, Evolution Gaming, Nokia, Saint Gobain; Shell; Amazon, Apple, Comcast, Merck, Caterpillar, Mastercard, Yum!, Shopify.
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