Briefs

SA Midday Update 23 Sep 2014 With Mandie Venter

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The JSE all-share index was weaker during morning trade, down with 0.6%.Banks gave back more than 1.4%, industrials were down 0.55% and resources trading 0.4% lower.

https://www.youtube.com/watch?v=6XT6Zemi2rw&feature=youtu.be

The rand remains weaker against the majors, trading at R11.13 to the Dollar, R14.31 to the Euro and R18.18 to the British Pound.

Commodities were slightly stronger, with Gold trading at $1,217/oz, Platinum at $1,329/oz and Brent Crude Oil at $97.07/barrel.

Today is a bank holiday in Japan. Slightly better than expected Chinese HSBC Manufacturing PMI figures and French Manufacturing PMI figures were reported this morning.

German Manufacturing PMI figures however came in slightly below expectation. South Africa celebrates Heritage Day tomorrow, and we'll be back with the next market report on Thursday, 25 September.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary
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Heritage Day
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