Author Topic: Today's Outlook  (Read 840704 times)

jaDEB

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Re: Today's Outlook
« Reply #750 on: August 01, 2014, 07:32:05 am »
Argentina's stock market is tanking after the country said on Wednesday night that it would voluntarily default on $1.3 billion of debt owed to a group of hedge funds

 ???
jaDEB

If it scares you, it's a sign you need to do it

Patrick

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Re: Today's Outlook
« Reply #751 on: August 01, 2014, 08:34:09 am »
Argentina's stock market is tanking after the country said on Wednesday night that it would voluntarily default on $1.3 billion of debt owed to a group of hedge funds

 ???

A year ago they were at 3500. This morning they're at 8150. That's a crash I'm happy to join! ;D


Moneypenny

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Re: Today's Outlook
« Reply #752 on: August 01, 2014, 11:10:24 am »
 :wtf: Just when you turn your back.

DOW -1.88% (that’s  317 pips ???), NAS -2.08%, S&P -1.98%, futures fugly. (Wallstreet -78 points atm)

VIX +27.16% @ 16.95

Fear & Greed @ 9 'Extreme Fear', closed yesterday 26, week ago 42, month ago 87 'Extreme Greed'.

SA T40 45 723 -580 pips now.

Germany -205 points, FTSE -79 points atm.
« Last Edit: August 01, 2014, 11:14:22 am by Moneypenny »

Moneypenny

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Re: Today's Outlook
« Reply #753 on: August 04, 2014, 10:46:06 am »
Morning lab rats. ;D

(Stay calm, no harm meant, just love the movie A Good Year)

Dow down -0.42% Nas, -0.38%, S&P -0.29%

VIX +0.47% @ 17.03, F&G @ 5 ‘Extreme Fear’

Not much happening on economic reporting today.

T40 @ 45 784 0.00% amt (10:37), Europe mixed to flat.  (Okay T40 now -0.17% 10:42)

Last week Alsi ended -0.93% @ 50 917, T40 -1.06% @ 45 733

Trading most to positive last hour ABL, to neg SGL.
« Last Edit: August 04, 2014, 10:50:08 am by Moneypenny »

jaDEB

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Re: Today's Outlook
« Reply #754 on: August 04, 2014, 10:49:44 am »
SGL -  :frustrated:
jaDEB

If it scares you, it's a sign you need to do it

Moneypenny

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Re: Today's Outlook
« Reply #755 on: August 04, 2014, 10:57:05 am »
Now don’t you be greedy jaDEB. ;)
 
(They’re up 213% past year, 57% past 6 months, just the last month -10% and today, well see almost -3%.)

I feel for you buddy, that's the nature of the beast (commodities).

Moneypenny

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Re: Today's Outlook
« Reply #756 on: August 06, 2014, 12:29:33 pm »
Dow ended -0.85%, Nas -.070%, S&P -0.98%, futures red (-0.1% to -0.2% range).

Asia ended all red.

Europe passionately red atm (GDP concerns), negative >1% all of them.

VIX +11.57% @ 16.87, F&G @ 5 ‘Extreme Fear’

T40 -0.43% @ 45 944 atm, only TKG, HAR standing tall @ >1%.

Abil right in front on the negative side after year loss, CEO quits.  Running at -62.5% now.

Some potential good news:  New experimental serum called ZMapp might help fight Ebola, don’t pack your bags just yet Patrick, still early days.  Ebola now in Sierra Leone, Guinea, Liberia and Nigeria, (also Atlanta and London but contained in hospital so far) 1600 infected, 800 dead.

Moneypenny

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Re: Today's Outlook
« Reply #757 on: August 07, 2014, 08:20:01 am »
FTSE ended -0.70%, DAX -0.65%, CAC -0.61%, MIB -2.70%, Stoxx600-0.93%.

Dow +0.08%, Nas +0.05%, S&P +0.01%, futures up (+0.2% range)

VIX @ 16.37 @ -2.96%, F&G @ 6 EF

Alsi ended -0.50% @ 51 091, T40 -0.42% @ 45 916.

Up  Sibanye +4.95% @ 2716, Mittal +4.07 @ 3964, Harmony +3.85% @ 3397, Curro +3.38% @ 2688.

Major down Abil -60.76% @ 270, Assore -4.82% @ 33105, MrPrice -2.93% @ 19900.

New high Grandparade @ 690, Supergroup intraday @ 3172, new low Abil @ 270, Ellies @ 226, Lonmin @ 3945.

Asia all red, Nikkei turned green to +0.40%, back down again to +0.25%.

T40 @+259 pips +0.57% (8:13am)

Moneypenny

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Re: Today's Outlook
« Reply #758 on: August 07, 2014, 03:14:07 pm »
SA business confidence at 15-year low

From Business Report:
http://www.iol.co.za/business/news/sa-business-confidence-at-15-year-low-1.1732115

Johannesburg - South Africa's business confidence fell to its lowest in 15 years in July, amid concerns that rising wage demands by unions will lead to higher unemployment, a survey by the South African Chamber of Commerce and Industry showed on Thursday.

The Sacci business confidence index dropped to 87.9 in July from 89.7 in June, the lowest level since September 1999, Sacci said in a statement.

“Sacci is concerned about the employment outlook,” the industry body said in a statement.

“Rising unemployment is one of the immediate consequences of high wage demands supported through strike activity.”

Employers in the platinum mining, metals and engineering sectors have signed double digit wage increase deals this year to end protracted strikes that are likely to dent growth in Africa's most advanced economy. - Reuters
« Last Edit: August 07, 2014, 03:16:35 pm by Moneypenny »

Moneypenny

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Re: Today's Outlook
« Reply #759 on: August 13, 2014, 10:21:52 am »
I get this feeling we’re just hovering around, waiting for something to happen.

Telkom & Naspers both still unrelenting in setting up new highs, TKG 5675 (currently -1.81% @ 5532), NPN 142128 (currently @ 140624 {-0.78%} ).

Abil placed under curatorship from 16:00 on 10/8 and suspended from trading, but I guess that’s old news for most of you.

T40 @ +0.51% @ 46 502, Satrix INDI @ 5978 (+3.42%) atm.

VIX 14.13 -0.70%, F&G 8 ‘Extreme Fear', previous close 7.

Europe green atm, US futures green.

Moneypenny

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Re: Today's Outlook
« Reply #760 on: August 18, 2014, 09:57:33 am »
Dow -0.30%, Nas +0.27%, S&P -0.01%, futures very green. (+0.50% range)

Europe all green atm.

T40 +0.49% @ 46 393, being punished CPI -5.09% @ 20500. 9:49am, SARB disputes Moody's recent downgrade of Capitec.

BIL full year results tomorrow.

Russia & Ukraine still not agreeing on humanitarian aid convoy.

Nivek

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Re: Today's Outlook
« Reply #761 on: August 27, 2014, 11:45:30 am »
So the GDP growth for the quarter came in at 0.6%, but it seems not to be good enough. Heard rumours on 702 last night saying there may be tax increases coming next year  :mad:

Moneypenny

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Re: Today's Outlook
« Reply #762 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).
« Last Edit: September 01, 2014, 08:44:38 am by Moneypenny »

Moneypenny

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Re: Today's Outlook
« Reply #763 on: September 02, 2014, 08:17:53 am »
US closed yesterday, futures up.

Asia-Pacific at midday 2 Sep:

Nikkei +1.5%,
Hang Seng -0.6%
Shanghai +0.3%
Sydney +0.4%
Seoul -0.8%
Taipei -1%

Australia keeping interest rate at 2.5% earlier today.

Yesterday Euro hitting new 1-yr low on ECB uncertainty later this week.

Brent Crude below $103 on new unrest in Libya balanced with slowing oil demand growth due to weak economic recovery  in China/Europe.

Back home, Alsi ended +0.30% 51 113, T40 +0.27% 45 752.

New high Tongaat 17493, EOH 9790, Clicks 7109 and new low Implats 9389.

Bidvest (+2.5%) to list food unit in London, Eqstra FY HEPS falls 26%, Cashbuild FY HEPS up 12%.

SA car sales (YoY) falls 1.4% yesterday.

T40 @ 45 910 +0.35% 8:05 am

Fear & Greed @ 42 ‘Fear”.

Most traded to positive this week APN, to neg BIL, IMP.

Eco Calendar:

16:00 US Manufacturing PMI, prev 57.1 exp 56.8

Nivek

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Re: Today's Outlook
« Reply #764 on: September 02, 2014, 09:10:44 am »
I see Lesotho has no affect on the markets.

Good to have these reports back :TU: