The JSE all share index closing the day at 68 825 from its opening price of 69 385.
On Monday the South African equity markets saw Deneb Investments Ltd. (DNB), being the biggest loser of the day with a -21.88% loss moving from R1.60 to close the day at R1.25, whilst African Equity Empowerment Investments Ltd. (AEE) saw a 16.25% gain moving from R0.80 to R0.93, making it the biggest winner in the equity market.
The Rand slightly lost against the US Dollar on Monday closing at R14.83 from its opening price of R14.73.
Transnet is expanding the Durban port and its looking to finance the project through private investors. The Minister of Public Enterprises Pravin Gordhan stated that Transnet is looking for private partners to finance the infrastructure expansion. This expansion will increase the port’s capacity and will enable the port to handle 60% of container traffic in and out of South Africa.
Gold gained by 0.4% moving from 1 779.74 USD/oz to 1 787.45 USD/oz.
Copper lost some ground by -1.3% closing at 9 419.50 USD/t. from its opening price of 9 542.50 USD/t.
Platinum slipped by -0.5%, closing the day at 1 026.65 USD/oz from its opening price of 1 032.08 USD/oz
Oil prices continued taking a knock on Monday with Brent Crude moving from 70.59 to closing at 69.51 USD.
USOil is up from spike lower at $65.50 to $66.70 and Gold rallies from $1770 over $1790.
The September 10-year Bund future is slightly higher, but still underperforming versus Treasuries.
DAX and FTSE 100 futures are down -0.03% and -0.18% respectively while US futures are underperforming.
The US Dollar is in demand with the US dollar index ticking at 92.70.
Walmart’s earnings are set to be released today.
New Zealand to enter into lockdown following a detected Covid case.
Things to watch today
Reserve Bank of Australia Meeting Minutes, U.K. Average Earnings Index + Bonus, U.K. Claimant Count Change, Eurozone Gross Domestic Product (GDP) YoY, U.S. Core Retail Sales MoM, U.S. Retail Sales MoM, U.S. Fed Chair Powell Speaks
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