Archive for May 19th, 2010

Down again, but don’t be too down because it could’ve been a lot worse. A leading Jo’burg fund manager chats about the day’s action and the likely market… »

It caved in after a stoic couple of weeks. Where to next? Lindsay chats to a busy currency… »

The Germans have banned ‘naked’ short selling on key instruments. Stupid? Of course. Badly timed? Oh… »

The stock market’s recent swoon, fueled by worries about the fallout from Europe’s credit crisis, has pushed major indexes back within reach of a 10%… »

The world’s fund managers have seen the sharpest drop in risk appetite since the dotcom recession, losing faith in the “Goldilocks” recovery as China chokes off credit and the fuse blows on sovereign debt…. »

Traders are predicting chaos on the world’s second-largest government bond market after the German authorities on Tuesday announced a ban on all naked short-selling in European public debt, as well as shares in the country’s 10 largest financial institutions.
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— Stats SA releases March retail sales data.
— Stats SA releases March building stats.
— Lewis Group releases annual results.
— Raubex releases final results.
— Mazor releases final results.
— Ernst & Young releases global fraud survey.
— UCS Group releases interim results.
— IMF releases regional economic outlook for sub-Saharan Africa.
— Release of World Competitiveness Report 2010.
WHAT TO WATCH… »

Goldman Sachs Group Inc. racked up trading profits for itself every day last quarter. Clients who followed the firm’s investment advice fared far worse.
Seven of the investment bank’s nine “recommended top trades for 2010” have been money losers for investors who followed the New York-based firm’s advice, according to data compiled by Bloomberg from a… »

The euro reached the weakest level in more than four years and the pound slumped to a 13-month low as Germany’s ban on some speculative sales triggered concern that Europe’s debt crisis will worsen…. »

Asian stocks fell, dragging the MSCI Asia Pacific Index to a the lowest level in more than three months, after German restrictions on short selling triggered a drop in the euro and oil prices.
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