The JSE all-share index closing the day at 66 792 from its opening price of 67 029.
On Monday the South African equity markets saw Nictus Ltd. (NCS) being the biggest loser of the day with a -19.48% loss moving from R0.62 to close the day at R0.77, whilst PBT Group Ltd. (PBG) saw a 61.90% gain moving from R5.25 to close the day at R8.50, making it the biggest winner in the equity market.
The Rand slightly took a knock against the US Dollar on Monday, moving from R14.55 to close the business day on R14.69
Gold was down by -0.2% with a move from 1 767.62 USD/oz to 1 764.86 USD/oz.
Platinum took slight knock, closing at 1 039.28 USD/oz from its opening price of 1 058.64 USD/oz.
Copper saw a 7.2% gain, closing Monday on 11 299.50 USD/t from its opening price of 10 538.00 USD/t
Oil prices slightly slipped with Brent Crude moving from 84.86 USD to close at 84.33 USD.
The US Dollar Index slips by -0.6% (-1.0% from last week’s highs) on the back of weak US Industrial production. Yields also slipped and Stocks moved higher led by big tech. APPLE launched new Mac Books with new self-built powerful chips.
Evergrande sentiment lifts a slightly – they will pay some onshore coupons today.
US Yields (10yr closed 1.584%) down from 1.624% highs, trades at 1.576%
Equities moved higher but lost momentum with the USA500 up by +15 (+0.34%) at 4486 while the NASDAQ moved up by +0.84%. The biggest movers on the NASDAQ are TSLA with a +3.21% gain and FB with a +3.26% gain. USA500.F move higher into 4483. Asian equities higher (Nikkei +0.56%) VIX closed down again at 16.77 (new 8 week low) – trades weaker at 16.50 now.
The December 10-year Bund future is fractionally higher, as are US futures. Eurozone peripherals are also vulnerable amid the ebb on flow of opinions on how to strengthen and maintain flexibility in existing asset purchase programs after the scheduled end of PEPP. Against that background the flood of BoE and ECB speakers today will be watched very carefully, especially as the data calendar is pretty empty. Stock market sentiment strengthened overnight and DAX and FTSE 100 futures are up 0.2% and 0.1% respectively, alongside broad gains in U.S. futures.
Things to watch today
Reserve Bank of Australia Meeting Minutes, Bank of England Governor Bailey Speaks, U.S. Building Permits.
Earnings – Johnson & Johnson, Phillip Morris, P&G, Netflix, Halliburton, United Airlines, Danone, Ericsson (out already a big beat), Kering.
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