What the Experts say

Obama good for resources

Although markets have already priced in his victory, the election of Barack Obama should provide some support for commodity prices and the JSE in the short run, analysts say. Americans elected Obama as their president on Tuesday, handing him an historic victory over Republican John McCain.

Economic commentary – Jac Laubscher, Group Economist: Sanlam Limited

 6 October 2008 The global financial crisis Part 2: Reinventing the financial system The financial crisis that has engulfed the world since August 2007 has yet to run its full course but it is has already irrevocably changed the financial landscape, especially in the Anglo-Saxon countries. The investment banks that have been part of the …

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Economic commentary – Jac Laubscher, Group Economist: Sanlam Limited

1 October 2008 The global financial crisis – Part 1: Implications for the real economy and financial markets Every week a new chapter is written in the unfolding drama that is the global financial crisis which has been gripping the world since August 2007. The possible future course of the crisis, the effect it could …

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Efficient Research – JSE All Green

The JSE All share gained a firm 2.19% (28 028) yesterday, as all the main indices closed in the green.  The local bourse ignored the stellar Producer Price Inflation figure for July (18.9% y:y) and interest rate sensitive indices advanced. Financials ended 3.05% stronger with Banks increasing 3.8%. Read on

Efficient Research – Resources to the Rescue

The resources sector (+2.5%) was favoured again yesterday, as commodity prices bounced back from year-to-date lows on renewed tension (especially surrounding the Russia/Georgia situation) and some pullback in the dollar.  The All share advanced 1%, to close just above the 27,000 points level. Gold miners jumped 2.5% and platinum miners advanced 0.9% after having been …

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Resources Rebound

The JSE All share ended the week’s first trading day in green territory, up 1.20% (27 320).  The bourse was supported by a strong performance in Resources (+3.17%) as a weaker U.S. dollar and higher oil prices buoyed commodity prices. Read on

Red Week for JSE

Having read Thebe Securities’ most recent news letter reminded me that “no trend lasts for ever and that markets tend to overshoot….and that every trend creates the seeds for its reversal.  Although caution is necessary, it is just possible that we have seen an example of these two.” The JSE remained under pressure on Friday …

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Economic and market analysis 7-11 July 2008

The big question for the economy this coming week is whether South African share markets will continue to follow the rest of the world. Therefore, what will happen to commodity prices and especially oil prices, the Dollar/Euro rate and inflation expectations? Read more