Battled, bruised and buoyant…
According to the Efficient Group, mining outfit, Anglo American (+4.00%) stormed into positive ground. Retail group, Massmart (+5.80%) advanced to R44.00, a frontrunner for the positive performance of the retail (+1.06%) index.
The recent rally in the dollar damaged the ego of the rand somewhat. The dollar seized 13 cents from the rand, while the pound followed suit and was 18 cents more expensive.
The gold price (-0.63%) continued slumping, while higher oil prices (+0.19%) can be expected as Venezuelan oil minister said the oil cartel should consider cutting output to guard against the ‘collapse’ of the cost of crude this weekend.
In the US, the Dow Jones finished the week 3.27% up; the Nasdaq was the strongest on Friday as it rose 3.84 points. The CAC 40 (+0.25%) looked fit in Europe, €3.7bn worth of shares were traded on Friday. The Asian equity markets are currently mixed; the Nikkei 225 (+0.74%) showing the biggest gains.
We expect investors to be wary before the release of the consumer inflation on Wednesday.
