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Market Update

EB Market Update – January 2015

Global Global equities as measured by the MSCI World Index registered negative returns in January in dollar terms due to a weaker performance from U.S. equities. Commodity prices continued to fall with Brent crude oil dropping below $50 dollars a barrel. Read the full article Domestic In spite of the threat of load-shedding from Eskom and a downgrade in growth forecasts from both the IMF and World Bank the FTSE/JSE ALSI surprised market commentators by closing the month at 51266 points having breached the psychological 50,000. The ALSI gained 3.01% over the month and in total return terms gained 3.08%. The rapid decline in the oil price certainly helped boost market confidence. Read the full article  

WM Market Update – December 2014

GLOBAL – The world’s afl oat with oil Volatility was the hallmark of global markets during the month of December driven by continued low interest rate policies as well as a rapidly falling oil price. This was evidenced by the fluctuations in the S&P 500 which declined almost 5% mid-month to rebound strongly at month end to close just below record highs. This sudden rebound was occasioned by a statement from the Federal Reserve Open Market Committee (FOMC) that they would be “patient” with regard to the normalisation of monetary policy. Read the full article Local – Quo Vadis Eskom? Local market sentiment has been dominated by a variety of factors but in particular has been influenced by the somewhat unexpected collapse in the oil price, the Eskom crisis and a continued slowdown in the Chinese economy. Crude oil’s fall of some 45% in 2014 has resulted in a rampant U.S. dollar and a...
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EB Market Update – December 2014

GLOBAL – The world’s afl oat with oil Volatility was the hallmark of global markets during the month of December driven by continued low interest rate policies as well as a rapidly falling oil price. This was evidenced by the fluctuations in the S&P 500 which declined almost 5% mid-month to rebound strongly at month end to close just below record highs. This sudden rebound was occasioned by a statement from the Federal Reserve Open Market Committee (FOMC) that they would be “patient” with regard to the normalisation of monetary policy. Read the full article Local – Quo Vadis Eskom? Local market sentiment has been dominated by a variety of factors but in particular has been influenced by the somewhat unexpected collapse in the oil price, the Eskom crisis and a continued slowdown in the Chinese economy. Crude oil’s fall of some 45% in 2014 has resulted in a rampant U.S. dollar and a...
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WM Market Update – November 2014

Global U.S.markets continued their meteoric rise with the S&P 500 reaching a new record high of 2075.76 intraday before easing slightly to close at 2067.56 on the last day of the month. The Dow Jones Industrial average also reached a new high to finish up 2.86% for the month with the S&P 500 adding 2.69%. Exceeding even these stellar performances the tech heavy NASDAQ Composite Index ended the month up 3.66%. Foreign stocks of other developed markets as reflected in the MSCI EAFE Index advanced 1.36% over the month but remained in the red for the year on fears that Europe might still lapse into recession. Read the full article Local In spite of a roller coaster ride over the month the JSE FTSE/ ALSI managed to end the month on a positive note closing at 49,911.37 points just shy of the psychological 50,000 and gaining 0.38%. In total return terms the index gained 0.54%. The...
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EB Market Update – November 2014

Global U.S.markets continued their meteoric rise with the S&P 500 reaching a new record high of 2075.76 intraday before easing slightly to close at 2067.56 on the last day of the month. The Dow Jones Industrial average also reached a new high to finish up 2.86% for the month with the S&P 500 adding 2.69%. Exceeding even these stellar performances the tech heavy NASDAQ Composite Index ended the month up 3.66%. Foreign stocks of other developed markets as reflected in the MSCI EAFE Index advanced 1.36% over the month but remained in the red for the year on fears that Europe might still lapse into recession. Read the full article Local In spite of a roller coaster ride over the month the JSE FTSE/ ALSI managed to end the month on a positive note closing at 49,911.37 points just shy of the psychological 50,000 and gaining 0.38%. In total return terms the index gained 0.54%. The...
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WM Market Update – October 2014

Global: US recovery continues Global equities delivered positive returns in October after experiencing sharp falls earlier in the month over concerns relating to global economic growth. The sell-off was on the back of weak U.S. retail sales data, lagging inflation in Europe and slowing growth in Asia as well as stuttering growth in Japan. Read the full article Local: The road map to safeguard the public finances The substantial market correction which had its beginnings late September continued during the early part of October but managed a last minute gain on the back of the surprise Bank of Japan announcement at month end that it was to substantially increase its quantitative easing programme. Read the full article  

EB Market Update – October 2014

Global: US recovery continues Global equities delivered positive returns in October after experiencing sharp falls earlier in the month over concerns relating to global economic growth. The sell-off was on the back of weak U.S. retail sales data, lagging inflation in Europe and slowing growth in Asia as well as stuttering growth in Japan. Read the full article Local: The road map to safeguard the public finances The substantial market correction which had its beginnings late September continued during the early part of October but managed a last minute gain on the back of the surprise Bank of Japan announcement at month end that it was to substantially increase its quantitative easing programme. Read the full article  

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%...
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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%...
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Market Update – August 2014

Global August saw U.S. markets roaring ahead with the S&P 500 closing the month at a record high 2003.37 points. The index gained 3.77% for the month with mergers and acquisitions providing the catalyst. The Dow Jones gained 3.23% and the NASDAQ 4.82%.The FTSE 100 gained 1.33% as U.K. GDP rose 0.8%. The Dax Composite rose 0.69% despite Q2 GDP contracting 0.2%.The Japanese Nikkei 225 closed 1.26% lower. The MSCI Emerging Market Index rose 2.07% slightly outperforming the MSCI World Index which rose 2.0%. Read the full article Domestic After a volatile performance in August the JSE/FTSE ALSI ended on a weaker note closing down at 50959.02 points having lost 0.46% for the month. The top 40 index declined 0.85% for the month. The best performing sector was Fixed Line Services which returned 15.06% followed by Non- Life Assurance which...
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