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PSG Wealth Daily Investment Update 23 January 2015

Markets surge on ECB much-anticipated stimulus program The Nikkei Index share climbed to a near three-week high on Friday Markets in Hong Kong and on mainland China were firmer on Friday European markets surged higher on Thursday, with banking and automakers among the shares advancing US stocks experienced a strong rally on Thursday The JSE All Share Index closed 0.57% higher on Thursday, with resources sources leading the gainers The rand traded firmer on Thursday afternoon on Read more [...]

Winners and losers in every situation

The most recent consumer price inflation (CPI) rate came in at 5.3%, which is within the 3%-6% inflation target range, with further declines expected. This means that the Reserve Bank could leave interest rates unchanged for longer and even be forced to cut them later in the year. The sharp drop of about 59% in the Brent crude oil price, from $117 to $48, will benefit the economy and consumers. There have been numerous articles written about the impact on Sasol’s earnings and its dividends. Coal producers, for example, have also been adversely affected, and so have many other commodity-related companies. Plastic manufacturers such as Astrapak and Transpaco are expected to see lower polymer prices, especially in the virgin resin market, due to the lower oil price. Logistic companies such as Value, OneLogix and Imperial, as well as transport companies such as Cargo should theoretically benefit from lower fuel costs, but many of them have fuel supply contracts in place. Read more [...]
Publication: In The Press

PSG Wealth Daily Investment Update 22 January 2015

Markets speculate on size of ECB bond-buying program The Nikkei Index gained on Thursday as the yen weakened against the dollar The Hang Seng Index was firmer on Thursday, while shares on mainland China had eked out a small gain European markets advanced for a fifth straight day to close at a seven-year high on Wednesday US markets inched higher in volatile trade on Wednesday The JSE All Share Index ended firmer on Wednesday with platinum mining shares leading the advance The Read more [...]

PSG Wealth Daily Investment Update 21 January 2015

Equity markets tread water ahead of ECB announcement The Nikkei Index dropped on profit taking on Wednesday after the sharp rally in the past two sessions Both major indices in China advanced higher on Wednesday with finance shares leading the winners European markets reached a new seven-year high on Tuesday Stocks on Wall Street ended almost unchanged on Tuesday The JSE All Share Index ended higher on Tuesday‚ with retail shares rallying The rand gained on Tuesday after the Read more [...]

PSG Wealth Daily Investment Update 20 January 2015

Chinese GDP data lifts investor sentiment The Nikkei Index jumped to more than a one-week high on Tuesday Chinese markets bounced on Tuesday, after suffering their biggest collapse since the global financial crisis European markets reached a seven-year high on Monday, advancing for a third day US stock and bond markets were closed on Monday for the Martin Luther King Jr. holiday The JSE ended positive on Monday, with mining and industrial shares leading the gainers The rand slipped Read more [...]

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