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Building blocks?

15 July 2004 Angelo Coppola

Nico Kelder, economist at the Efficient Group says that construction was the biggest gainer, increasing by almost 1%.

The currency dipped 0.6% against the dollar. South African bonds ended weaker on Thursday as the currency dropped back.

Commodities lost some ground with platinum, oil and gold all ending in the red. European markets closed in the red, with the CAC 40 and the DAX both closing down by more than 1%. US markets responded negatively to increasing fuel prices.

Both the US producer inflation and industrial production data was better than expected, combined with good results from Apple giving some support to the US markets. The Nikkei 225 and the Hang Seng is currently trading up, the Hang Seng closed early due to a typhoon warning.

No fireworks are expected on local markets.

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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FAnews June 2021 Get the latest issue of FAnews

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