Archive for January 22nd, 2010

A grim day on the JSE is brought to you by I-Net Bridge, with the numbers read by Lindsay… »

Peter Schiff is an aspirant US senator, chairman of EuroPacific Capital, best selling author, and one of the few that can genuinely claim to have called the recent financial crisis. He talks to Lindsay Williams about the Obama war, the Republican Massachusetts victory, shifting politics, and the… »

Liston Meintjes fascinates as always with his ideas on an amazing news and market week. We do more Obama, a bit of Eskom, we look at copper stocks at near 5 year highs, and lots, lots… »

LONDON Jan. 22, 2009–Standard & Poor’s Ratings Services said today that it maintained its Banking Industry Country Risk Assessment (BICRA) on the Republic of South Africa (local currency A+/Negative/A-1, foreign currency BBB+/Negative/A-2) at Group 5. At the same time, we also maintained our estimation of gross problematic assets (GPAs) at 10%-20%. Furthermore, the economic risk… »

South African manufacturing production has turned a corner. The Kagiso purchasing managers’ index—a key gauge of the health of the manufacturing industry—rose to 52.5 in December from 50.3 in November. Although the index has increased consistently since July, the latest reading marks the first time since early 2008 that the index has exceeded the growth-neutral… »

South African stocks remained in the red by midday on Friday, largely in line with weaker international markets. There was very little in the way of local corporate news to offer direction.
Asian markets took a dim view of President Barack Obama’s proposal to limit size of banks and risks… »

The Dow 30 index has violated its ten month old uptrend with the medium term indicator at an overbought 99.9…in the process the CRB Commodities index came down to encounter support. The ratio Dow 30/CRB index is just above support and if it dips through 36.57 it will mean that the Dow is going to… »

On top of double-dip fears, a potential Greek government bankruptcy and a Chinese property bubble, are we now going to have to watch every twist and turn in the US legislative process on reforming banks? This seems to be the implication of President Obama’s sudden unexpected support for splitting trading activities out of the sector…. »

South African stocks opened sharply in the red on Friday tracking weaker international markets which reacted negatively to President Barack Obama’s proposal to limit size of banks and risks they can take, with news of more policy tightening from China, and Greece’s fiscal position also weighing on the local bourse.
At… »

— Weekly treasury bill auction.
WHAT TO WATCH FOR:
A quiet end to the week is anticipated, with no local data due for release today.
Local markets will take their lead from their global counterparts.
ON THE HORIZON:
Jan 23: No events scheduled
Jan 24: No events scheduled.
Jan 25: SARB holds Monetary Policy Committee Meeting.
Jan 25: PPC holds AGM.
Jan 25:… »