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26 July 2004 Angelo Coppola

Mutual and Federal and Grinrod surprised with great results, buoying the market.

The currency weakened against all the majors as the dollar regained some ground.

Yields on the capital market closed slightly weaker while commodities where mixed – platinum down 0.37% and gold higher by 0.13% and oil lost some steam and closed lower by 0.42%.

European markets closed in the red. US markets closed mixed with the Dow Jones flat and the Nasdaq shedding 0.54%. The Far East is mixed this morning with the Hang Seng down by 1.03% and the Nikkei marginally in the black.

The local market is expected to watch European markets carefully today, as support levels for all of the European markets are under threat.

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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