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Euro “dead in 5 years”
The euro will have broken up before the end of this Parliamentary term, according to the bulk of economists taking part in a wide-ranging economic survey for The Sunday Telegraph…. »
New vehicle sales surge 35% y/y in May
New vehicle sales surged 35% year- on-year in May due to the “exceptional revival in sales of new cars and commercial vehicles”, the National Association of Automobile Manufacturers of South Africa (NAAMSA) said on Wednesday.
Naamsa, a body that represents car manufacturers, said aggregate industry sales grew to 39,176 year on… »
Peregrine Hldgs HEPS up 267% to 124.4c (3)
Wealth and asset management group Peregrine Holdings (PGR) on Wednesday reported a 267% increase in headline earnings per share from 33.9 cents to 124.4 cents for the year ended March.
Headline earnings were up 265% at 266.5 million rand.
This was despite a 10% decline… »
RISKWATCH: Global demand to be a challenge
In contrast to the declines in sentiment measures, components with direct reference to the real economy, showed continued improvement in April. New sales orders rose to 56.2 index points from 54.8 index points in March, whilst suppliers’ performance rose to 55.9 index points from 52.4 in March.
Even more encouraging was the more… »
RISKWATCH: Global demand to be a challenge
In contrast to the declines in sentiment measures, components with direct reference to the real economy, showed continued improvement in April. New sales orders rose to 56.2 index points from 54.8 index points in March, whilst suppliers’ performance rose to 55.9 index points from 52.4 in March.
Even more encouraging was the more… »
Is it a Bear market?
June 1, 2010 — Is it a Bear market? With a return of -38.49%, 2008 marked the worst year for the S&P 500 since 1937 (-38.59%). Also in 2008, looking at volatility, there have been more 5% moves since September 29, 2008, than in the prior 53 years of the Index. Although the market was… »
SA Today: Key events to watch, Jun 2
— NAAMSA releases May new vehicle sales.
— Treasury releases May provisional financing figures.
— Eskom releases annual results.
— Santam holds AGM.
— Winhold releases interim results.
— Peregrine releases annual results.
WHAT TO WATCH FOR:
Today’s focus turns to the NAAMSA new vehicle sales for May and the SACCI BCI and April electricity statistics on Thursday.
On the markets, Asian… »
Global markets find respite in US construction data
It was a highly volatile day for markets as positive US economic data reduced or reversed early sharp falls across Europe…. »
Stocks AM: JSE opens weaker on global markets
The JSE opened lower on Tuesday in response to wobbly global markets and news that China’s manufacturing activity expanded at a slower pace in May than the previous month.
By 09:17 the JSE all share index fell 0.52%, with resources down 0.43%, and platinum miners gave up 1.72%. Gold miners lost… »
SA Today: Key events to watch, Jun 1
— Standard Bank releases May residential property gauge.
— Kagiso releases May PMI.
— Weekly government bond auction.
— Keaton Energy Holdings releases annual results.
WHAT TO WATCH FOR:
This week is a quite a busy week in terms of economic data, with the Kagiso PMI for May today, followed by the NAAMSA new vehicle sales for May on… »
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