JSE Market Update

  • 21 January 2015 17:23
  • The JSE continue to trade in positive territory tracking global gains in the equity market yesterday. The all share index closed 0.94 percent up after trading in positive territory for most of the day. Statistics South Africa released figures showing that the CPI is down to 5.3 percent in december 2014 from 5.8 percent in November 2014- the biggest fall of the year. The fall in CPI was bigger than all analyst forecast.
  • Wall Street traded lower as investors reduced exposure in anticipation of new stimulus from the ECB, while IBM came out with a disappointing outlook. The Dow traded in the red by -0.31%, while the S&P 500 traded +0.18% higher, and Nasdaq traded +0.21% in the green. Japans Nikkei closed lower as the BOJ decided to leave policy unchanged, while investors await ECB meeting. The Hang Seng closed in the green by +1.68%, while the Nikkei shed -0.49%. European indices mostly lower on Greece elections and ECB meeting. The DAX traded lower by -0.31%, CAC 40 up by +0.11% and the FTSE 100 traded +0.90% higher. At local close Oil(Brent) traded higher by +1.71% at $48.81 while Gold traded higher by +0.77% at $1304.20. The dollar traded 0.77% weaker against the EURO at EUR/USD $1.1639. On the local front the All Share index closed higher by +0.94% and the rand traded 0.56% stronger against the dollar at R/USD 11.5250.
  • 20 January 2015 17:16
    Wall Street traded lower after the IMF lowered its growth forecasts for 2015 and 2016, sending the oil price lower by over 4%. The Dow traded in the red by -0.47%, while the S&P 500 traded +0.01% higher, and Nasdaq traded +0.17% in the green. Japans Nikkei closed higher on improved sentiment over expectations of easing from the ECB, while China’s growth came in better than expected, however still at multi year lows. The Hang Seng closed in the green by +0.90%, while the Nikkei gained +2.07%. European indices traded at 7-year highs on QE expectations and Chinese growth data. The DAX traded higher by +0.02%, CAC 40 up by +1.09 and the FTSE 100 traded +0.42% higher. At local close Oil(WTI) traded lower by -4.05% at $46.72 while Gold traded higher by +0.81% at $1287.30. The dollar traded 0.16% stronger against the EURO at EUR/USD $1.1587. On the local front the All Share index closed higher by +0.26% and the rand traded 0.03% stronger against the dollar at R/USD 11.6332.
  • 19 January 2015 17:22
    Wall Street traded higher on anticipation that the ECB will announce further stimulation. The Dow traded in the green by +1.10%, while the S&P 500 traded +1.34% higher, and Nasdaq traded +1.39% in the green. Japans Nikkei closed higher on strong U.S data and a weak Yen. The Hang Seng closed in the red by -1.51%, while the Nikkei gained +0.89%. European indices traded at 7-year highs as Italian banks rallied and Swiss shares pulled back some losses. The DAX traded higher by +1.10%, CAC 40 up by +0.90 and the FTSE 100 traded +0.64% higher. At local close Oil(WTI) traded lower by -1.52% at $47.95 while Gold traded lower by -0.02% at $1276.60. The dollar traded 0.43% weaker against the EURO at EUR/USD $1.1617. On the local front the All Share index closed higher by +1.11% and the rand traded 0.72% stronger against the dollar at R/USD 11.6336.

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