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Surprise…

12 August 2004 Angelo Coppola

Nico Kelder, economist at the Efficient Group says the yields on the capital market followed suite (fell).

Commodities where mixed – platinum higher by 1.92% and gold lower by 0.27% and oil surged by 1.16%. European markets closed mixed.

US markets closed lower on the back of worse than expected retail sales figures for July while Hewlett-Packard also disappointed the markets. The Far East is lower by 2.25% (Japan) and 0.67% (Hong Kong) so far this morning.

After a healthy local rally yesterday, profit taking may limit upside today. The unexpected rate cut will be an influence for the next few days as the markets digest the news.

 

Quick Polls

QUESTION

Healthcare brokers have long complained about inflation-plus medical scheme contribution increases; but pandemic may have changed things. What will pandemic-induced changes in hospital utilisation do to medical scheme contribution increase patterns?

ANSWER

Below inflation increase for 2022, then back to inflation-plus
Long-term trend of below inflation increases
Inflation-linked hikes for 2022, then back to inflation-plus
This is a 2-year hiccup, inflation-plus increase trend remains in place
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