iBusiness
  • Home
  • Top News
    • South Africa
    • Powerball
    • Lotto
    • SA Daily Lotto
    • Opinion
    • Motoring
    • Economy
    • Tech
  • Business
    • Business Banking
    • Business Finance
  • Personal Finance
    • Banking
      • Capitec Bank
      • ABSA
      • FNB
      • African Bank
      • Nedbank
      • Standard Bank
      • Other Banks
    • Investing
    • Loans
    • Taxes
  • Forex Trading
    • Beginner’s Guide
    • Regulated Brokers
  • Website Hosting
  • SA Networks
    • Cell C
    • Vodacom
    • MTN
    • Telkom
  • Insurance
No Result
View All Result
  • Home
  • Top News
    • South Africa
    • Powerball
    • Lotto
    • SA Daily Lotto
    • Opinion
    • Motoring
    • Economy
    • Tech
  • Business
    • Business Banking
    • Business Finance
  • Personal Finance
    • Banking
      • Capitec Bank
      • ABSA
      • FNB
      • African Bank
      • Nedbank
      • Standard Bank
      • Other Banks
    • Investing
    • Loans
    • Taxes
  • Forex Trading
    • Beginner’s Guide
    • Regulated Brokers
  • Website Hosting
  • SA Networks
    • Cell C
    • Vodacom
    • MTN
    • Telkom
  • Insurance
No Result
View All Result
iBusiness
No Result
View All Result
Home Markets

Tuesday, 16 November 2021 iDaily Market Wrap | JP Morgan Sue Tesla For $162.2 Million

iBusiness Staff by iBusiness Staff
November 16, 2021
in Markets
0
How To Get Funding For Your Business
0
SHARES
11
VIEWS
Share on FacebookShare on Twitter

South Africa
The JSE all-share index closing the day at 70 091 from its opening price of 69 921.

On Monday the South African equity markets saw Trustco Group Holdings Ltd. (TTO) being the biggest loser of the day with a -16.07% loss moving from R2.24 to close the day at R1.88, whilst Equity Empowerment Investments Ltd. (AEE) saw a 44.44% gain moving from R0.90 to R1.30, making it the biggest winner in the equity market.

The Rand regained some ground against the US Dollar on Monday, moving from R15.31 to R15.25

Commodities
Gold moved from 1 864.90 USD/oz to close on 1 862.84 USD/oz.

Platinum closed Monday at 1 089.82 USD/oz from its opening price of 1 085.80 USD/oz

Copper closed on 9 705.50 USD/t from its opening price of 9 841.00 USD/t

Brent Crude took a slight knock on Monday, moving from 82.17 USD to close on 82.05 USD

Global Markets
The US Dollar Index is up and currently settled to 95.49.

Further signs of rising inflation pressures from RBA, BoE and FOMC. RBA – Governor Lowe is stressing that he will not hike rates to control house prices and that even an underlying inflation rate of 2.5% would not be enough for a rate hike. BoE’s Bailey said he is “very unease about the inflation situation”, after tight labour market. UK ILO unemployment dropped to 4.3% in September – He had fuelled speculation of an early rate hike.

US Treasury Yields restored their safe haven allures, as the 30-year tested 2.00%, the highest since the November 3 FOMC selloff, and the 10-year rose to 1.62%, the highest since late October, while the 2-year jumped to challenge 0.54%, not seen since early 2020. Currently eased lower.

Equities: USA30 holding on to small gains, largely due to component Boeing, which has surged nearly 5% following freighter orders received at the Dubai air show. The NASDAQ is down 0.2%, as higher Treasury yields weigh on big tech, while Tesla has dropped another 4%, after falling 15% last week on CEO Musk’s sale of nearly $7.0 bln of the stock. The USA500 is trading on either side of flat.

China warns state firms on crypto mining.

JPMorgan Chase & Co (JPM.N) on Monday sued Tesla Inc (TSLA.O) for $162.2 million, accusing Elon Musk’s electric car company of “flagrantly” breaching a contract related to stock warrants after its share price soared. – Renaissance, other big hedge funds increase stakes in Tesla in Q3.

Turkey’s lira weakened nearly 0.8% on Tuesday to a new record low of 10.14 against the US dollar, weighed down by expectations of another unorthodox rate cut from the central bank this week.
USOil is up to 80.66.

– Hotforex Market Analyst, Andria Pichidi

Things to watch today
U.K. Average Earnings Index +Bonus, U.K. Claimant Count Change, Reserve Bank of Australia Meeting Minutes, South Africa Business Confidence, U.S. Core Retail Sales MoM, U.S. Retail Sales MoM

Disclaimer
All prices captured are taking from the previous business day. The material is provided for a general information purpose and does not constitute independent investment research. Nothing in this market wrap contains, or should be considered as containing 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.

Tags: #equitymarkets#Financialmarkets#Globalmarkets#JSEFinances
iBusiness Staff

iBusiness Staff

Related Posts

Markets

Nedbank Set To Debut Secondary Listing On A2X

March 25, 2022
Markets

Swiss National Bank Keeps Interest Rate At Global Record Low

March 25, 2022
Ubank EeziSave Account
Markets

South African Rand Gains Following Rate Hike

March 24, 2022
Next Post

Powerball and Powerball plus results, Tuesday 16 November 2021

Daily Lotto Results: Tuesday, 16 November 2021

South Africa gets $4.3 billion loan, approved by IMF

Consumer Price Index Consistent With Forecasts

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Daily Lotto Results: Wednesday, 26 January 2022

5 months ago

Daily Lotto Results: Sunday, 12 June 2022

3 weeks ago

Daily Lotto Results: Friday, 29 April 2022

2 months ago
Daily Lotto Results

SA Daily Lotto Results for 14 June 2020 on Sunday

2 years ago

Topics

#business #businessnews #Corruption #covid-19 #Covid19 #currentaffairs #DailyLotto #daily lotto results #DailyMarketWrap #Economy #equitymarkets #finance #Financialmarkets #FSCA #funding #Globalmarkets #Inflation #investments #JSE #loadshedding #lockdown #lotto #lottoresults #marketnews #personalfinance #petrolpricehike #powerball #powercuts #Sassa #Sassacares #Sassa grants #SouthAfrica #stockmarket business Coronavirus in South Africa daily lotto results daily lotto winning numbers Data Bundles Eskom Finances Life Insurance Load-Shedding lotto winning numbers SASSA News Visa
No Result
View All Result

Highlights

Daily Lotto Results: Monday, 27 June 2022

See the Binnelanders Teasers for July 2022

Missing out on the drama? See Scandal! Teasers for July 2022

Don’t miss the Elif 3 Teasers for July 2022

The unpredictable Droomverlore continues, see Teasers for July 2022

Haunted by the end of Durban Gen, see Teasers for July 2022

Trending

SA Daily Lotto

Daily Lotto Results: Thursday, 30 June 2022

by iBusiness Staff
June 30, 2022
0

Are you ready for tonight’s daily results for Thursday, 30 June 2022. The winning numbers will be...

Daily Lotto Results: Tuesday, 28 June 2022

June 28, 2022
Powerball Results

Powerball and Powerball plus results, Tuesday 28 June 2022

June 28, 2022

Daily Lotto Results: Monday, 27 June 2022

June 27, 2022

See the Binnelanders Teasers for July 2022

June 22, 2022
ADVERTISEMENT

iBusiness




iBusiness is a fully packaged business portal, that aims to add as much important information as possible. It is a business portal website – and the “i” in iBusiness doesn't necessarily stand for anything but can represent the innovative ideas spread across the website.





  • Disclaimer
  • Cookie Policy
  • About
  • Contact
  • Terms and Conditions
  • Privacy Policy
  • Economic Calendar

© 2021 iBusiness.co.za - Designed for Business News

No Result
View All Result
  • Home
  • Top News
    • South Africa
    • Powerball
    • Lotto
    • SA Daily Lotto
    • Opinion
    • Motoring
    • Economy
    • Tech
  • Business
    • Business Banking
    • Business Finance
  • Personal Finance
    • Banking
      • Capitec Bank
      • ABSA
      • FNB
      • African Bank
      • Nedbank
      • Standard Bank
      • Other Banks
    • Investing
    • Loans
    • Taxes
  • Forex Trading
    • Beginner’s Guide
    • Regulated Brokers
  • Website Hosting
  • SA Networks
    • Cell C
    • Vodacom
    • MTN
    • Telkom
  • Insurance

© 2021 iBusiness is a fully packaged business portal, that aims to add as much important information as possible. It is a business portal website – and the “i” in iBusiness doesn't necessarily stand for anything but can represent the innovative ideas spread across the website.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.