Share Forum - Discuss JSE shares and join the Investor Challenge

Nikkei's taking a beating again, down 3%+ so far.

Sweet additions Patrick, thank you. 

Today SA GDP @ 11:30, US Consumer confidence @ 16:00, futures positive atm, Asia positive, IGM +162, Gold @ 1389

Interesting read from Zero Hedge received over the weekend, at last somebody feeling the way I do :

Spain has already gone bankrupt. It is not spoken of in this fashion, no one mentions it in public but that is the truth of it. The money, some $172 billion, was funneled to the banks and not to the sovereign in one more European ruse to distract everyone but the results are the same. Now it is becoming apparent that even this amount of money was not enough so more will have to be given. The money will go to the Spanish banks, the debt will be guaranteed by Spain, the contingent liability will not be counted as part of Spain's debt to GDP ratio but we will know the truth of it. Whatever direct money from Spain that goes into their banks will be called an "investment" and put on the left side of their balance sheet as an asset and the mockery will continue but I can still read a ledger; thank you very much

Absolutely nothing, I think we'll only see a movie in about 5-10 years time 'bout how close the world economy came to the abyss, until then smoke and mirrors after every new emerging crisis.  Time has to pass, those in power (politicians, central bankers) first have to leave office and those replacing them will show this time as an example of what not to do. They will admit it only once were are in a growth curve again, obviously as to avoid world wide panic which is understandable.  I would prefer changing policies and taking the bad medicine but nobody wins elections that way, so we'll skip along, singing our happy song.

and on that note:

SA GDP Prev 2.10%, Exp 1.60% Act 0.90% we are up 400+ points on Top40, before this number we were down 140 odd points.

Rand sliding at more than 1.5 percent to a fresh 4-year low after the release of weaker-than-expected first quarter GDP growth numbers.  The rand hit 9.7582 per dollar, its weakest level since March 2009, compared with Monday's close at 9.5914.

Rand/£ 14.75,
R/$ 9.82 and Euro 12.62
Gold 1386 & Plat 1460

Asia was mostly green, now last 24 minutes of trading with only Nikkei and Shanghai still holding on, IGM T40 @ -141.

German unemployment rate @ 9:55 with 6.9% as expected, but number of people unemployed previous month was 6K, Expected 5K Actual 21K

German CPI @ 14:00

Rand $ 9.79
£ 14.82
Euro 12.69

VIX up 2.42% @ 14.83,  IGM +26, Gold up @ 1396

Asia red with Nikkei @ -5%

11:30 SA PPI Prev 0.90%, Exp 0.50% Act 0.40%
14:30 US GDP Exp 2.5% Act 2.4%
14:30 US US Initial jobless claims Exp 340K Act 354

and remember CML, PPC, RBX, SPP divvies 2morrow.

Edit:  Confirmed, Japan stocks entered correction with >10% (12% to be exact) drop from peak recently, gold moving @ 1403

How was the rand after hearing from number 1 yesterday, we need a showerhead smiley!

India GDP prev 4.5% prev revised 4.7% actual 4.8%.

Sunday Bernake speaks again.

May Chicago PMI: 58.7 actual, 49.3 Briefing.com consensus, 49.0 prior

May UoM Consumer Sentiment Survey: 84.5 actual, 83.7 Briefing.com consensus, 83.7 prior