The JSE all-share index is trading unchanged at present, rebounding off this morning’s initial lows.
The resource index is underperforming having given up 0.21%, while the industrial index is flat on the day and the financial index 0.26% higher.
In company news; Wescoal Holdings Ltd interim results showed revenue to have gained 92.8%, HEPS 33.3%. A WG Wearne Ltd trading statement has guided that basic earnings per share over the six month period has improved, in the region of 6% and 14% from the prior comparative period, to an expected loss of between 0.45c and 0.55c per share.
Imperial released a general market update in which it has guided that their full-year guidance is unchanged and expecting earnings in the current half to decline on the prior year as the currency impact on the vehicle import, distribution and dealership division flows through. In the absence of a marked deterioration of vehicle sales, this should right itself in the second half to produce earnings for the full-year in line with 2014.
Glencore Q3 2014 production update showed they following own source production increased in copper by 6%, ferrochrome by 5%, coal by 7% and entitlement oil by 50% (due to commencement of production at Alen and Badila operations). Own sourced production decreased in nickel by 1% and zinc by 6%.
In currencies the Rand is trading at R11.04 to the Dollar, R13.80 to the Euro and R17.66 to the British Pound. In commodities, Gold is trading at $1,165/oz., Platinum at $1,226/oz. and Brent Crude at $83.55/barrel.
We are expecting trade balance data out of the U.S. at 3:30pm and m/m Factory orders at 5pm, South African time.
