Archive for January 12th, 2010

David Shapiro is back at his desk, well rested, and full of new year energy. Find out what this market veteran makes of the early 2010 action, and what might come to pass as we ease our way into the post crisis… »

Dr. Clive Roffey pulls no punches. Love him or loathe him, he calls it as he sees it. Listen to the controversial doctor and hear his views on the markets in 2010, bith good and… »

Dress it up as much as you like, the local manufacturing sector is still poorly. Compare it to the rampant Indian economy, and we look rather pathetic. Andre Roux of Investec Asset Management picks through the numbers and tries to extract a cause for optimism. In conversation with Lindsay… »

The recovery in South Africa’s manufacturing sector continued in November, albeit at a slow pace, data released by Statistics South Africa has showed.
The physical volume of manufacturing in South Africa was reported at an improved -4.7% year-on-year (y/y) in November from a revised -9.6% (-9.3%) y/y in October.
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The physical volume of manufacturing in South Africa in October was reported at an improved -4.7% year-on-year (y/y in November from a revised -9.6% (-9.3%) year-on-year in October, data provided by Statistics South Africa (Stats SA) on Tuesday… »

South African stocks remained on the softer side on Tuesday midday, with breaks being applied to resources stocks after a good run.
International markets were also mostly weaker, while a firmer gold price, and a weaker currency also affected the local bourse, a local trader noted.
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Jan. 12 (Bloomberg) — India’s industrial production grew at the fastest pace in 25 months in November, strengthening the case for the central bank to raise interest rates in the first half of this year.

Output at factories, utilities and mines rose 11.7 percent from a year earlier after gaining 10.3 percent in October, the… »

Jan. 12 (Bloomberg) — China’s central bank sold bills at a higher yield for the second time in a week, increasing the likelihood that policy makers will raise the benchmark interest rate in the first half of the year.

The People’s Bank of China sold one-year bills at a yield of 1.8434 percent after last… »

THE opening of the Burj Khalifa, the world’s tallest building, in Dubai on January 4th had symbolic as well as architectural significance. Skyscrapers have long been associated with the ends of financial booms. The Empire State Building opened in 1931, two years after the Wall Street crash. The Petronas towers in Kuala Lumpur were unveiled… »

On the JSE, Anglo American (AGL) declined 4.11 rand, or 1.19%, to 340.50 rand, BHP Billiton (BIL) shed 3.19 rand, or 1.26%, to 250.06 rand and Sasol (SOL) was 2.50 rand lower 1t 315.50 rand.
Platinum miner Anglo Platinum (AMS) firmed 6 rand to 809 rand and Impala Platinum (IMP)… »