The red revolution…

The Efficient Group reports that Africa’s leading sugar producer, Illovo (+4.19%) illustrated some skill by being one of the few stocks that showed significant gains on the bourse.

Insurer, Sage (-6.25%) dropped like a rock after analysts warned of hidden dangers that could surprise any buyer.

The major currencies were caught off-side; the free kick resulted in the rand gaining between 6 cents and 11 cents. The current miserable gold price (+0.24%) can be compared to the AC Milan supporters after last night’s UEFA champions league final, shame.

A report released in the US, the world’s largest energy consumer, showed an unexpected drop in crude oil (+2.50%) inventories. This pulled supplies down from a 6-year peak. On the US equity market tech stocks faded which ended the longest rally the Nasdaq (-0.56%) had in 5 years.

The blue-chip FTSE 100 (-0.22%) was the biggest loser in Europe as telecom and retail stock dragged the index down. Currently on the far east the Nikkei 225 (-0.20%) is 22 points down. Form may be temporary, but class is permanent, as Liverpool illustrated last night!

We expect a good day on the bourse after yesterday’s inflation figure.