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Markets tread cautiously ahead of US Fed rate decision
March 20, 2019--The JSE retreated on Wednesday as it tracked other global markets lower ahead of the US Fed's rate decision.
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Source: FIN24
SARB-Full Quarterly Bulletin-No 291-March 2019
March 20, 2019--The synchronised global economic growth momentum experienced since the fourth quarter of 2016 faded in the second half of 2018. Although real global output growth recovered somewhat to 2.9% in the fourth quarter of the year, this still represented the second-lowest quarterly growth rate in the past two years.
The moderate acceleration in the fourth quarter of 2018 resulted mainly from improved output growth in India and Japan, while growth slowed further in the United States (US) and China along with a contraction in world trade volumes.
The international prices of most commodities declined in the fourth quarter of 2018. In particular, the price of Brent crude oil decreased sharply from around US$86 per barrel at the start of October 2018 to below US$50 at the end of December. This contributed to lower inflation rates in advanced economies and emerging markets. However, oil prices have since recovered to around US$65 per barrel, which should exert some upward pressure on inflation.
In South Africa, real economic growth slowed from a revised 2.6% in the third quarter of 2018 to 1.4% in the fourth quarter. The real gross value added (GVA) by the primary sector contracted for a fourth successive quarter, while output growth slowed in the secondary and tertiary sectors. For 2018 as a whole, growth in real gross domestic product (GDP) moderated to 0.8% from an upwardly revised 1.4% in 2017. South Africa's GDP per capita has decreased since 2015, consistent with the current downward phase of the business cycle.
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Source: South African Reserve Bank (SARB)
Nigeria: Bitcoin Surges Past $4,000 As Nigerians Trade N1.27bn
March 19, 2019--With the overall cryptocurrency market capitalisation growing by $5 billion, the price of Bitcoin broke the $4,000 benchmark at the weekend and was able to sustain it, as the volume held in naira rose to N1.269 billion.
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Source: allafrica.com
Gains across JSE miners lift local bourse
March 19, 2019--The JSE has inched higher mainly on the back of gains recorded amongst JSE listed miners.
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Source: FIN24
Markets WRAP: Rand closes at R14.41/$
March 18, 2019--TreasuryONE said earlier that the rand was holding on to its Friday gains but the continued load shedding might put a brake on any further strength.
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Source: FIN24
JSE rallies on the back of gains in Asian equities
March 18, 2019--The JSE started the week in the green as it took a leaf from the firmer closes recorded in major Asian markets trading.
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Source: FIN24
Africa's jumbo stock exchanges to link in 2019?
March 17, 2019--An ambitious project to link Africa's 7 biggest securities exchanges is moving to implementation with a call this month for a project manager for the coming year. The African Exchanges Linkage Project (AELP) aims to transform the number of trades on exchanges and investment flows across Africa by creating a platform so an investor in once country can buy or sell shares listed on an exchange in another country.
It's a leading initiative of the African Securities Exchanges Association (ASEA) and the African Development Bank, and will feature a central linked trading platform linked to the different exchange trading systems.
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Source: africancapitalmarketsnews.com
Markets WRAP: Rand closes at R14.41
March 15, 2019--The rand closed at R14.41 on Friday.
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Source: FIN24
Chinese economic stimulus measures lift global stocks
March 15, 2019--The JSE advances on the back of broad-based positive sentiment which saw most equity markets trading firmer.
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Source: FIN24
Local bourse closes softer after mixed trading session
March 14, 2019--Locally, market participants were still digesting the drop in the South African business confidence data which was released on Wednesday.
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Source: FIN24
