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Up slightly

26 August 2004 Angelo Coppola

Nico Kelder, economist at the Efficient Group, reports that Local equity markets closed higher yesterday, gaining 0.43%, despite the currency strength - around 1 percent against al the majors.

Yields on the capital market fell very sharply (30 points) after much better than expected PPI numbers were released. Commodities where mixed – platinum marginally lower by 0.23% and gold flat and oil lower by 0.81%.

European markets closed in the black with the CAC, FTSE and DAX gaining on average 1%. US markets closed in tandem with the both the Dow Jones and the Nasdaq shedding only 8 points.

US Jobless claims were the main contributor to the negative markets. The Far East is higher by 0.59% (Japan) and 0.42% (Hong Kong) so far this morning. We expect to have a quiet to positive day locally, after this week’s great inflation figures.

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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