Unum Market Commentary: Global Equities Firmer on Trade Hopes
South African equity markets started the week on the front foot as hope of a resolution to the trade dispute between the United States and China shifted the sentiment from bearish to slightly bullish, continuing the move higher from the middle of last week. On the day, the All Share Index added 0.88% while the Top 40 was higher by 0.99% as shares such as miner Anglo American Platinum and telecommunications giant MTN Group gain by 2.54% and 2.43% respectively. On the downside, South 32 and Sappi lost 1.27% and 1.12% respectively. On the currency front, the Rand continued to trade in it's three-day range between R14.56 and R14.75 versus the US Dollar. In Europe, stocks had a strong day with the EuroStoxx50 higher by 0.68%, with Bayer and Vivendi adding 3.04% and 2.20% on the upside. In the US, the Dow Jones Industrial Average was higher by 0.35% with Nike (+3.05%) leading the way higher. This morning Asian equities are up strongly as the bullish sentiment continues to filter through to markets.
JSE Major Sectors
Resources 10 +0.54%
Industrial 25 +1.32%
Financial 15 +0.66%
In currencies, the South African Rand trades as follows:
USDZAR -0.50% to 14.45
GBPZAR -0.22% to 18.54
EURZAR -0.07% to 16.66
Gold trades at $1201
Platinum at $799
Brent Crude Oil at $72.25
International Markets
This morning, Asian equities are as follows:
Nikkei 225 (+0.23%)
Hang Seng (+0.42%)
Shanghai Composite (+1.43%)
Latam Markets closed as follows:
Merval 25 (-2.60%)
Bovespa (+0.39%)
INMEX (+0.99%)
Aus miners:
BHP Billiton (-1.72%)
Rio Tinto (-0.74%)
S32 (-2.52%)
FANGs
Facebook (-0.75%)
Amazon (-0.29%)
Netflix (+3.46%)
Google (+0.50%)
FTSE Miners:
Anglo American plc (+1.30%)
BHP Billiton plc (+0.97%)
Glencore plc (+0.34%)
Alibaba Holdings (+2.03%)
Tencent Holdings (-0.11%)
JSE Major Sectors
Resources 10 +0.54%
Industrial 25 +1.32%
Financial 15 +0.66%
In currencies, the South African Rand trades as follows:
USDZAR -0.50% to 14.45
GBPZAR -0.22% to 18.54
EURZAR -0.07% to 16.66
Gold trades at $1201
Platinum at $799
Brent Crude Oil at $72.25
International Markets
This morning, Asian equities are as follows:
Nikkei 225 (+0.23%)
Hang Seng (+0.42%)
Shanghai Composite (+1.43%)
Latam Markets closed as follows:
Merval 25 (-2.60%)
Bovespa (+0.39%)
INMEX (+0.99%)
Aus miners:
BHP Billiton (-1.72%)
Rio Tinto (-0.74%)
S32 (-2.52%)
FANGs
Facebook (-0.75%)
Amazon (-0.29%)
Netflix (+3.46%)
Google (+0.50%)
FTSE Miners:
Anglo American plc (+1.30%)
BHP Billiton plc (+0.97%)
Glencore plc (+0.34%)
Alibaba Holdings (+2.03%)
Tencent Holdings (-0.11%)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.