KEEP UP TO DATE WITH ALL THE IMPORTANT COVID-19 INFORMATIONCOVID-19 RESOURCE PORTAL

FANews
FANews
RELATED CATEGORIES
Category Investments

Deluge expected

25 July 2004 Angelo Coppola

(26.7.04) Locally the JSE closed above the 10 000 level Friday ending a rollercoaster week on the back of the volatile currency.

The Efficient Group The currency weakened against the majors losing 2.6% against the greenback, as the latter strengthened against the euro and yen.

Neither the equity market nor the currency showed any reaction to the announcement of the extension of Mboweni’s contract as governor of the SARB. Bond yields weakened as the currency dropped 14 points.

Local market should be flat in expectation of the deluge of data this week.

Commodities were mixed with gold and platinum dropping in line with the dollar strengthening, but oil remained stubborn, gaining 0.7%. In Europe only the FTSE (UK) closed higher - but only just. The US also closed weaker with the Nasdaq dropping 2.1%.

The Far East is also weaker so far this morning, both losing 0.5% so far. We expect that the local markets should trade weaker today on the back of weaker international markets but the currency may give support if it weakens further

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
fanews magazine
FAnews June 2021 Get the latest issue of FAnews

This month's headlines

Broker and insurer collaboration should not be a one-way street
Running on outdated systems… There's risks
Policy wordings with respect to COVID-19
Death or divorce... how best to split assets
Ethical investing… principles and moral codes
Portfolio positioning will serve investors well
Subscribe now