WM Market Update – September 2014
Global: September was a month of consolidation and some profit taking as world markets caught their breath after a period of considerable gains. The divergence in global economies became more apparent as the U.S. dollar continued its strong rise on the back of strong economic growth while the Euro continued its decline as a result of additional sanctions being imposed on Russia over the situation in the Ukraine. Read the full article Global: On the back of falling global commodity prices, an ever strengthening U.S. dollar and concerns over an oversupply of coal and iron ore, the FTSE/JSE ALSI retreated from its previous highs to close at 49,336 points following its all-time high of 52,323 on the 29th July. In total return terms the index lost 2.58% over the month. Pharmaceuticals were the best performers up 8.65% followed by beverages up 7.31%. The worst performers were Gold Mining down 17.46%, Industrial Metals down 13.55%... Read More
EB Market Update – September 2014
Global: September was a month of consolidation and some profit taking as world markets caught their breath after a period of considerable gains. The divergence in global economies became more apparent as the U.S. dollar continued its strong rise on the back of strong economic growth while the Euro continued its decline as a result of additional sanctions being imposed on Russia over the situation in the Ukraine. Read the full article Global: On the back of falling global commodity prices, an ever strengthening U.S. dollar and concerns over an oversupply of coal and iron ore, the FTSE/JSE ALSI retreated from its previous highs to close at 49,336 points following its all-time high of 52,323 on the 29th July. In total return terms the index lost 2.58% over the month. Pharmaceuticals were the best performers up 8.65% followed by beverages up 7.31%. The worst performers were Gold Mining down 17.46%, Industrial Metals down 13.55%... Read More
GTC Trendline – September 2014
The ghost of irrational exuberance? Global Perhaps the ghost of irrational exuberance came back to haunt some world stock markets during the third quarter of 2014. The quarter has seen considerable volatility in world markets heralded by a rampant dollar on the back of strong economic growth, a weaker Euro on the back of renewed tensions in the Russia/Ukraine standoff, concerns over the sustainability of economic growth in China and a downgrading of Emerging Markets on concerns over commodity pricing. Read the full article. Who put the lights out? Domestic Despite disappointing economic data and ongoing labour unrest, the local stock market continued its meteoric rise over the quarter with the FTSE/JSE ALSI reaching an all-time high on the 29th July of 52,323. This stellar performance was largely influenced by carry trades in which foreign investors are able to source... Read More
