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Author Topic: Today's Outlook  (Read 842900 times)

Aragorn

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Re: Today's Outlook
« Reply #480 on: January 17, 2014, 08:22:56 am »
On Thursday at market close, strong gains in resource and gold mining shares helped to offset losses in financials and industrial shares, seeing the JSE All Share end up by 0.62%. Further weakness in the rand took the exchange rates to R10.89 to the US dollar and R17.78 to the British pound. Brent crude oil rose 0.52% to $106.94 a barrel after US crude oil inventories fell, indicating increased energy demand.

European markets were lower by 5pm SA time as investors considered the release of worse-than-expected corporate earnings. The DAX had lost 0.10%, the CAC40 had slipped 0.25% and the FTSE 100 had inched down 0.04%. US markets were lower after corporate earnings results fell short of analysts’ forecasts. The Dow Jones was 0.20% down, the S&P 500 had fallen 0.14% and the Nasdaq had slipped 0.03%.

African Eagle Resources (AEA) was the top gainer on Thursday as shares rose 20% to R0.06 after 5 deals traded 214,150 shares. In second place was Kaydav Group (KDV), which climbed to R1.35 after 58,920 shares were exchanged in 5 deals, a boost of 14.41% in share price. After investors sold 131,510 shares in 5 deals, Labat Africa (LAB) slid 21.43% to R0.11 a share to become top loser today. Mine Restoration Investments (MRI) lost 21.43% after 3 deals traded 118,001 shares to become joint leader, resulting in a share price of R0.11.

Bidvest Group will close its offer for a stake in drugmaker Adcock Ingram. The cash offer of 70 rand a share for 34.5 percent of Adcock will close at 1500 GMT on February 4.

New Highs for Billiton, Glencore, Sasol, Investec, Mondi, Capco and Naspers

F&G = 72 (Greed)
Dow -0.4%, FTSE -0.1%, DAX -0.2%, HSeng +0.8%, Nikkei +0.1%, AllOrds -0.3%
USD 10.93, EUR 14.89, GBP 17.86
Gold 1243.40, Plat 1439.50 Brent 106.44, Silver 20.14
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Moneypenny

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Re: Today's Outlook
« Reply #481 on: January 17, 2014, 08:34:26 am »
Eco Calendar:
11:30 GB Retail Sales (MoM)
15:30 US Housing Stats

Dual Listed:
TENC:HK +3.22%
BPH:AU +2.91%
NPN:US +0.38%
TLK:US -3.60%
CFR:SWISS -1.97%
CFR:US -1.84%

IGMT40  -91 points atm
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jaDEB

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Re: Today's Outlook
« Reply #482 on: January 17, 2014, 03:19:30 pm »
Gold 1243 vs 1243  , $/R 10.88 vs 10.88   , Copper 7.38 vs 7.35     , Nickel 14.49 vs 14.54    , Oil 94.63 vs 94.09   


ZZzzzzzzzzzzzzzzzzzzz  :(
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jaDEB

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jaDEB

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Re: Today's Outlook
« Reply #483 on: January 20, 2014, 08:05:33 am »
Gold 1257 vs 1243   ;D , $/R 10.86 vs 10.88   , Copper 7.36 vs 7.38     , Nickel 14.33 vs 14.49    , Oil 93.70 vs 94.63   

China's economy grew at its slowest pace in 13 years in 2012, though a year-end spurt supported by infrastructure spending and a jump ...  :frustrated:
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jaDEB

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Aragorn

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Re: Today's Outlook
« Reply #484 on: January 20, 2014, 08:20:28 am »
Despite gains in gold mining and resource shares, losses in financial and industrial shares led the JSE All Share down 0.11% by close of day on Friday. The rand was trading at R10.86 to the US dollar and R17.82 to the British pound. Gold had risen 0.52% to sell at $1248.51 an ounce, while Brent crude oil had fallen 0.72% to $106.36 a barrel.  The rand recovered some of its footing against the dollar on Friday after plumbing five year lows earlier in the week, but a dim economic outlook points to further losses in the short term.

Strikes in the platinum sector are on the cards. This will have negative affect on the rand as well as the economy. Should the rand continue it's steady but inevitable decline, the country will start to feel the affects of additional inflation beyond the SARB's target of 3-6%, due to rising feul and food prices. To counter-act this, an earlier than expected interest rate increase will be most likely. Rating Agencies are already looking at downgrading SA.

Not a pretty picture, and I guess this will have a negative affect on our markets, slower growth rates and not much chance of making moola.

Dow +0.3%, FTSE +0.2%, Dax +0.3%, HSeng -1.0%, Nikkei -0.5%, AllOrds -0.2%
USD 10.92, EUR 14.77, GBP 17.93
F&G 58 (Greed),  VIX 12.44
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Moneypenny

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Re: Today's Outlook
« Reply #485 on: January 20, 2014, 08:42:19 am »
US market closed today, Martin Luther King Jr Day.  Earlier Chinese GDP (YoY) up to 7.7%, expected figure 7.6% & Industrial Production (YoY) 9.7%, expected 9.8%.

Eco Calendar:
09:00 German PPI (MoM) prev -0.01%, exp 0.01%
10:30 Hong Kong Unemployment (just for interest sake) previous & expected 3.3%.

Dual Listed:
TLK:US +2.21%.60%
NPN:US +1.74%
TENC:HK -1.04%
BPH:AU +0.29%
CFR:SWISS +0.52%
CFR:US +0.10%

Futures:
FSE @8:16 -0.01%
IGMT40  -98 points atm

New Highs & Lows:
Glencore (6090), Omnia, Advtech, Bil, Nas, Sol, Farmb SAB & new low for Shopr.

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jaDEB

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Re: Today's Outlook
« Reply #486 on: January 20, 2014, 05:30:21 pm »
Gold 1255 vs 1257    :-X , $/R 10.85 vs 10.86   :-X , Copper 7.34 vs 7.36    :-X  , Nickel 14.51 vs 14.33    :TU: , Oil 93.79 vs 93.70    :-X
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jaDEB

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jaDEB

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Re: Today's Outlook
« Reply #487 on: January 21, 2014, 08:11:31 am »
Gold 1253 vs 1255    , $/R 10.85 vs 10.85    , Copper 7.34 vs 7.34      , Nickel 14.46 vs 14.51    , Oil 94.06 vs 93.79

Asian markets sprang higher on Tuesday as Japanese stocks rebounded and Chinese money rates eased, while the U.S. dollar got a fillip from a report the Federal Reserve would again trim its bond buying next week.
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jaDEB

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Moneypenny

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Re: Today's Outlook
« Reply #488 on: January 21, 2014, 08:55:35 am »
The second cut in six weeks in Fed bond buying is on the horizon. According to those in the know, a reduction in the program to $65 billion a month (current $75 billion) could be announced at final meeting for outgoing Fed Chair, BB, scheduled for 28-29 Jan.

Locally, SA gold producers received notice from the Association of Mineworkers and Construction Union (AMCU) of its intention to strike on Thursday.

Eco reporting:

12:00 ZEW Eco Sentiment

New highs for Metair, Sab, Omnia, Northan, Glencore (6100), GParade, Sol & new low for Shoprite.

Dual listed:

CFR +1.94%
TENCHK +0.38%
BHP:AU -0.13%

Futures:

FTSE @8:21 +0.36%
IGMT40 @ +109 points atm.
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jaDEB

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Re: Today's Outlook
« Reply #489 on: January 21, 2014, 05:47:27 pm »
Gold 1240 vs 1253   :'(  , $/R 10.84 vs 10.85     :-X, Copper 7.36 vs 7.34   :-X    , Nickel 14.61 vs 14.46    :TU: , Oil 94.93 vs 94.06  :-X
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jaDEB

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jaDEB

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Re: Today's Outlook
« Reply #490 on: January 22, 2014, 07:55:29 am »
Gold 1242 vs 1240     , $/R 10.85 vs 10.84     , Copper 7.37 vs 7.36       , Nickel 14.69 vs 14.61    , Oil 95.44 vs 94.93

Asian share markets struggled for inspiration on Wednesday, hampered by expectations of further reductions in the U.S. Federal Reserve's stimulus and ahead of central bank meetings in Japan and Thailand
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jaDEB

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Aragorn

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Re: Today's Outlook
« Reply #491 on: January 22, 2014, 08:25:36 am »
By close of day on Tuesday, losses in gold mining shares had led the JSE All Share down 0.10%. The rand was trading at R10.82 to the US dollar, R17.80 to the British pound and R14.65 to the euro as concern for the SA economic outlook continues. Gold had fallen 1.28% to sell at $1238.80, platinum had slipped 1.96% to $1437.70 an ounce, and silver was selling 2.38% lower at $19.81 an ounce.

Dow - 0.3%, FTSE flat, Dax +0.1%,HSend +0,2%, Nikkei +0.2%, AllOrds -0.3%
New Highs - Telcom, Sasol, Capco, SAB, Steinhof
VIX 12.87, F&G 53 (Neutral)

TBS to purchase Kenyan Milling concern for USD 25 Mil. Platinum bosses say they cannot afford Union wage demands. SA CPI for December due today (Nov = 5.3%).

And just for interest - A 29.6 carat blue diamond, one of the rarest and most coveted in the world with a possible price tag of tens of millions of dollars, has been discovered at a South African mine by Petra Diamonds.
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Moneypenny

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Re: Today's Outlook
« Reply #492 on: January 22, 2014, 08:40:38 am »
Yes please  :-* for the diamond.

Eco reporting:

10:00 SA CPI (MoM), prev 0.10%, exp 0.40%
11:30 GB MPC Minutes

Dual listed:

CFR +2.92%
TENCHK +1.25%
BHP:AU -0.84%
NPN:US -0.03%

Futures:

FTSE @8:19 +0.31%
IGMT40 @ +2 points atm.
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Moonraker

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Re: Today's Outlook
« Reply #493 on: January 22, 2014, 10:46:01 am »
JOHANNESBURG (Reuters) - South Africa's headline consumer inflation edged up to 5.4 percent year-on-year in December, slightly below market expectations, from 5.3 percent in November, Statistics South Africa said on Wednesday.

 On a month-on-month basis, CPI quickened to 0.3 percent compared with 0.1 percent in November.

 Economists surveyed by Reuters expected a year-on-year rate of 5.5 percent and 0.4 percent month-on-month.

 Core inflation, which excludes the prices of food, non-alcoholic beverages, petrol and energy, was steady at 5.3 percent year-on-year but edged up to 0.3 percent on a month-on-month basis.

 Stats S.A. said the annual headline CPI average for 2013 ticked up to 5.7 percent, compared with 5.6 percent the previous year.

 2014-01-22 10:25:39
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Aragorn

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Re: Today's Outlook
« Reply #494 on: January 22, 2014, 10:53:50 am »
With platinum sector strikes due to start tomorrow, I note that the share pricess have increased by over 2% today on AMS and IMP. Is this logical?
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