US still growing; SA in the dark
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4 Jan 2019US wages show strong growthThe US nonfarm payroll figure increases by 312 000, the largest growth in 10 months. This brings the 2018 payrolls gain to 2.64 million. Average hourly earnings rise 3.2% from a year earlier, matching the fastest pace since 2009.
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8 Jan 2019Source: Bloomberg NewsApple falls to fourth placeAmazon overtakes Microsoft to become the world’s largest company in terms of market capitalisation. Alphabet is at third place and Apple has fallen from first to fourth place.
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21 Jan 2019Source: ReutersIMF drops global GDP forecastThe IMF predicts the global economy will grow at 3.5% in 2019 and 3.6% in 2020, down 0.2 and 0.1 percentage point respectively from October’s forecasts.
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23 Jan 2019Source: Statistics SASA inflation hits the targetAnnual headline consumer price inflation moderates to 4.5% for December due mainly to a drop in the fuel price. This is down from November’s 5.2% and exactly at the Reserve Bank’s target level.
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24 Jan 2019Source: Bloomberg NewsUS jobless claims at 49-yr lowUS unemployment benefits fall to the lowest level since 1969.
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30 Jan 2019Source: TreasuryONEFed turns dovishThe Fed leaves rates unchanged, as expected, and signals that it will slow down its pace of interest rate hikes.
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6 Feb 2019Source: Bloomberg NewsGerman manufacturing slumpsGerman factory orders unexpectedly drops for a second month, stoking fears of a looming recession.
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7 Feb 2019Source: HalifaxUK house market slumpsHouse prices in the UK fall 2.9% in January and the annual growth rate slows to 0.8% as Brexit fears put off buyers.
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12 Feb 2019Source: Statistics SASA employment improvesSA’s unemployment rate drops to 27.1% at the end of 2018. There are now 16.5m employed people and 6.1m unemployed people between the ages of 15 and 64 years in SA.
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15 Feb 2019Source: SACCITrade at lowest point this centuryThe South African Trade Activity Index is at its lowest level since inception of the survey in 2000. The previous lowest level for the Index was 32 in April 2009, just after the great financial crisis.
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26 Feb 2019Source: BusinessLiveTongaat Hulett falls bitterlyTongaat Hulett’s share price plunges to its worst level since 1993, after announcing that headline earnings in the year to March will probably fall by at least 250%.
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5 Mar 2019Source: ReutersSA economy grows by 1.4%South Africa‘s economy expands by 1.4% in the final quarter of 2018, helped by growth in agriculture and manufacturing. This brings the total growth for 2018 to 0.8%.
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8 Mar 2019Source: TreasuryONEUS jobs grow steadilyThe US non-farm payroll number indicates 20 000 jobs were created in February.
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8 Mar 2019Source: Bloomberg NewsAspen at 7-year lowPharmeceutical company Aspen’s share price drops to a seven-year low as the deal to sell its infant-formula business drags on, blocking cash flow.
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13 Mar 2019Source: BloombergSA business confidence drops furtherMore than two thirds of SA businesses surveyed are now dissatisfied with current conditions. Sentiment among retailers and builders fell the most.
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15 Mar 2019Source: CNBCPWC report on Steinhoff outSteinhoff releases a summary of audit firm PWC’s 3 000-page report on its probe into the alleged fraud and corruption that led to the collapse of the company’s share price in December 2017.
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16 Mar 2019Source: BusinessLiveLoad-shedding jumps to next levelTropical cyclone Idai in Mozambique plunges South Africa into stage 4 load-shedding.
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20 Mar 2019Source: Statistics SACPI at 4.1%South African consumer inflation stands at 4.1% year-on-year - in line with expectations.
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22 Mar 2019Source: BloombergUS yield curve invertsThe Treasury yield curve inverts for the first time since the great financial crisis. A yield curve inversion is widely regarded as a potential sign of an impending recession and rate-cutting cycle.
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22 Mar 2019Source: ReutersTumble nr 2 for Turkish LiraSimilar to last year, Turkey finds itself in a currency crunch amid the central bank’s suspension of one-week repo auctions in an attempt to squeeze liquidity in the market. The average cost of funding in Turkey surges to a near record.
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25 Mar 2019Source: ForbesNaspers heads for AmsterdamNaspers announces that it will seperately list its internet businesses, including Tencent, in Amsterdam. This should unlock value for investors.
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26 Mar 2019Source: Statistics SASA adds jobsEmployment in SA's non-agricultural formal sector grows by 87 000 between September and December 2018.
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31 Mar 2019Source: CNNBrexit heads for no-dealAfter three historic defeats and a parliamentary rejection on every alternative Brexit proposal, the UK government is fractured and a no-deal Brexit remains the default.
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