Nov. 2 (Bloomberg) — Manufacturing in the U.S. expanded faster than anticipated in October, easing concern the economic recovery will be cut short once government aid wanes.
The Institute for Supply Management’s factory index rose to 55.7, a three-year high and exceeding every estimate of the 70 economists surveyed by Bloomberg News, data from the… »
Johannesburg, Nov 2 (I-Net Bridge) The JSE ended weaker on Monday with a strong dollar exerting pressure on commodities. However, a weak rand helped to pare losses.
EQUITIES
The JSE ended 248 points weaker on Monday amid pressured sentiment with the strong dollar weighing on commodities stocks. However, a weaker local currency prevented the bourse from deeper… »
Johannesburg, Nov 2 (Sapa) - The Monetary Policy Committee (MPC) meeting for the month of December is under review, the SA Reserve Bank said on Monday.
The MPC meeting is scheduled for December 16 and 17.
“An announcement will be made in due course,” the SARB said in a statement.
December 16 is a public holiday in South… »
A massive quarterly loss dominated the headlines surrounding Monday’s release of the gold giant’s numbers. But the share price rallied; why? Mark Cutifani, the Australian born CEO of our largest gold miner reveals… »
We’ve spent 8 weeks constructing a comprehensive financial plan. Now we move on, and tonight the CIO of Citadel talks about the core of wealth creation for any plan, and that’s the markets. Jan van Niekerk chats to… »
The recent improvement in the overall PMI manufacturing index is clearly pointing to a meaningful pick-up in manufacturing business activity, off a very low base, over the coming months, according to Stanlib economist Kevin Lings.
This trend is also in-line with the global trend in PMI indices, he notes.
… »
Although still in the red, the JSE came off its earlier low levels by noon on Monday on the back of a recovery in Dow futures, a local equities trader said.
At 12:02 the JSE all share index had weakened 0.61%, with resources easing 0.33% and platinum producers down 2.59%…. »
AngloGold Ashanti (ANG), South Africa’s largest gold producer, and international gold mining and exploration company Randgold Resources, on Monday confirmed that they had jointly acquired a further 20% stake in the Moto Gold Project in the Democratic Republic of Congo.
The latest acquisition increases their interest in the project to 90%,… »
- The seasonally adjusted Kagiso PMI rose to 47.6 index points in October from a revised 45.9 during September.
Andre Coetzee, Head of fixed income at Kagiso Securities said: “Last month’s 1.7 index point gain is on top of a 6.4 point jump in September and confirms that SA manufacturing… »
THE HOUSE PRICE INDEX, ALREADY INFLATING ON A MONTH-ON-MONTH BASIS, IS MOVING RAPIDLY TOWARDS YEAR-ON-YEAR PRICE INFLATION TOO
The FNB House Price Index, already rising strongly on a month-on-month basis, is probably one month away from resuming year-on-year inflation too. In October, yearon-year average price deflation was -1%, significantly better than September’s revised -3.6% rate of… »
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