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PSG Wealth Daily Investment Update 17 December 2014

Russian rouble tumbles The Nikkei Index climbed higher on Wednesday with firmer export-related shares ignoring a stronger yen The Hong Kong index slipped lower on Wednesday with the price gap on dual-listed shares widening European markets recovered in late trading on Tuesday as the Russian rouble rebounded US markets dropped for a third straight session in volatile trading on Tuesday The JSE All Share Index closed lower on Monday in quiet trade ahead of the public holiday The Read more [...]

PSG Wealth Daily Investment Update 15 December 2014

Investors spooked by continued market declines The Nikkei Index is trading in negative territory on Monday despite a weaker yen The Hang Seng Index dropped on Monday after investors sold financials and telecommunications shares European markets tumbled lower on Friday, posting their biggest weekly loss since mid-2011 US markets closed sharply lower on Friday as investors moved out equity markets The JSE ended at seven-week lows on Friday with platinum, banking and financial shares Read more [...]

PSG Wealth Daily Investment Update 12 December 2014

Gains on Wall Street lift investor sentiment The Nikkei Index rose on Friday on the back of gains on Wall Street overnight The Hang Seng Index traded in positive territory on Friday European markets revered a three-day decline on Thursday US markets closed higher on Thursday on better-than-expected retail sales and unemployment data The JSE All Share Index ended 1.3% lower on Thursday as gold mining shares lost 5.19% The rand traded weaker against the dollar on Thursday but was Read more [...]

Dark days ahead

Almost everyone is talking about Eskom’s load shedding because of old infrastructure. It is a daily reality for many commuters who have suffered through gridlocked traffic due to traffic lights not working. The shopping malls were almost empty two weekends ago because businesses had to shut up shop. The only companies that have benefitted are those that import and sell generators to the public but they too are now sold out and are awaiting the next shipments. Nearly every segment of the South African economy has been negatively affected by the rolling electricity blackouts. Clothing retail stores such as Truworths, Mr Price and Foschini rely mostly on the Christmas season shopping spree have been badly hurt. Read more [...]
Publication: In The Press

PSG Wealth Daily Investment Update 11 December 2014

Lower oil prices hit oil companies hard The Nikkei Index dropped for a third consecutive day on Thursday as lower oil prices hit oil exporters The Hang Seng Index traded lower on Thursday with investors discouraged by weakness on Wall Street European markets closed lower for a third straight session on Wednesday US stocks closed lower on Wednesday with the S&P 500 Index dropping 1.6% The JSE All Share Index closed higher on Wednesday with the gold mining sector surging Read more [...]

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