The JSE all share index closing the day at 67 065 from its opening price of 67 646.
On Monday the South African equity markets saw Alphamin Resources Corp. (APH) being the biggest loser of the day with a -26.66% loss moving from R11.59 to close the day at R8.50, whilst Accelerate Property Fund Ltd. (APF) saw a 21.11% gain moving from R0.90.00 to R1.09, making it the biggest winner in the equity market.
The Automobile Association (AA) says that fuel prices will drop on 1 September 2021. Petrol will drop by around 11 cents per litre and diesel by around 21 cents per litre.
Africa’s largest food producer Tiger Brands exit Nigeria.
The Rand started the week with a continuation of its recovery trajectory against the US Dollar on Monday closing at R14.67 from its opening price of R14.68
Gold moved from 1 817.57 USD/oz to 1 810.34 USD/oz.
Copper remained flat yesterday closing at 9 423.75 USD/t. from its opening price of 9 423.75 USD/t.
Platinum slightly slipped by a -0.2% on Monday closing the day at 1012.53 USD/oz from its opening price of 1010.09 USD/oz.
Oil prices continued to recover on Monday with Brent Crude moving from 72.70 to closing at 73.41 USD.
USA100 and the USA500 gained by 0.9% and 0.43% respectively. The fresh gains resulted them in hitting record highs of 15 265 and 4528 respectively. On the other hand the USA30 took some losses with a -0.16% loss.
China’s official PMI numbers showed the manufacturing number dipping to just 50.1.
US Dollar Index weakened as there is no clear signal on the Fed’s tapering timeline.
USOil is trading at $69.14 as traders assess the prospect for an easing of output restrictions ahead of the OPEC+ meeting.
Things to watch today
China Manufacturing Purchasing Managers Index (PMI), New Zealand ANZ Business Confidence, South Africa M3 Money Supply Year on Year, South Africa Private Sector Credit, France Gross Domestic Product (GDP) Quarter on Quarter, France Consumer Price Index (CPI) Month on Month, Germany Unemployment Change, Italy Consumer Price Index (CPI) Month on Month, Eurozone Consumer Price Index (CPI) Year on Year, South Africa Trade Balance, Canada Gross Domestic Product (GDP) Month on Month, U.S. CB Consumer Confidence
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