1040
« on: September 01, 2014, 08:43:00 am »
Now where were we?
Let’s see.
Putin was making hay, it was winter and world markets were at all time highs. It seems Putin still up to it, freezing my azz off although it should be spring now and markets still up there, so I’ll say all-and-all, nothing has changed.
Today, States are celebrating Labor Day, no action to be expected from there then.
It’s basically a PMI & GDP kind of day:
08:00 German GDP (QoQ) prev -0.2%, expect same (Edit: Actual -0.2%)
09:55 German PMI prev & exp 52.0
10:30 GB PMI prev 55.4 exp 55.0
11:00 SA Total Vehicles Sales
SA T40 @ +67 pips @ 8:13
Dow ended 17 098 (+0.11%), Nas 4580 (+0.49%), S&P 2003 (+0.31%)
Asia-Pacific green atm, Auz flat, futures undecided changing between red/green but I’ll go for flat.
Alsi ended 50 959 (-0.34%), T40 45 630 (-0.46%), Gold 1287 (7:40)
Moving up were Holdsport, Clover and down Aveng (-3.18%), Bidvest (-0.59%), Angloplat (-2.20%), Pinnacle (-2.17%), Assore (-2.11%), Advtech (-2.08%), ARB (-1.97%), Nedcor (-1.85%).
New highs for Net1UEPS 18.18% @ 14100, Clicks @ 6942 and intra-day Brait @ 8298.
New low for Assore -2.11% @ 30605 and Kumba 31617.
Iron ore prices have reached five year lows this week on Chinese inventories being at records highs, thus making Kumba and Assore very uneasy.
Sanlam positive HEPS increase of 119% (from Santam).
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Hehe, yes there is no point in denying that, our Patrick is hot. Who knew, I kind of expected him to look like one of the 'Big Bang' characters, taking my cue from him being clever and shy at the same time.
what should we talk about next?