Tencent’s (China) posting slowest quarterly profit growth in 2 years yesterday (influencing Naspers negatively here) as well as tumbling metal prices blamed for sell-off. T40 ended -0.9% @ 42 006, Alsi -0.8% @ 46 666.
Naspers -4.91%, Kumba -4.21%, Pick ‘n Pay -3.75%, Adcock -3.55%, Lewis -3.36% Mittal -3.10%, Abil -3.03%.
Telkom +3.44%, Oceana +4.24%, Fambrands +3.13%
Greed & Fear @ 51 ‘Neutral’, T40 @ -305 pips (-0.73%) now 8:38
Copper lowest level in more than 3 years.
Satellite images might have found Flight MH370, 1460 miles from Perth in South Indian Ocean, planes on their way to investigate.
Last night Yellen suggested that a rate hike could come as early as spring 2015 in the US, markets not impressed. US ended -0.70%, -0.58%, -0.60%, futures negative atm.
In Asia this morning, all red with Nikkei -1.65%, Hang Seng -1.49%, Singapore -0.64%
Eco Calendar:
16:00US Existing Home Sales
Tomorrow: 21/3
Public Holidays for SA: Human Rights Day & Japan: Spring Equinox Day
Watch out for Chinese Manufacturing PMI, Monday morning bright & early @ 3:45am
Duals:
BARC:LN +2.31%
TLKGY:US +1.60%
MT:NA +0.96%
VOD:LN +0.49%
700:HKTENC -1.59%
NPNUS: -7.18%
HMY:US -5.10%
SNFH:US -4.56%
GLNCY:US -4.05%
CFRUY:US -2.84%
CFR:VX -2.10%
BHP:AU -1.94%