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Warrants and Share Instalments

Welcome to The Standard Bank of South Africa Limited's ("Standard Bank") Warrants website, which provides information on the warrants and share instalments issued by Standard Bank, together with general information relating to warrants and market information. Access to and use of the information provided on this website is subject to the Terms and Conditions, Privacy and Security Statement and Disclaimer.

Financial and other information relating to Standard Bank as the issuer of the warrants and share instalments as well as the terms and conditions governing the warrants and share instalments are set out in the Common Terms Document and related annexures and/or supplements. The warrants and share installments set out on this website are subject to certain selling restrictions which are documented in the Common Terms Document and related annexures and supplements. In particular warrants and share instalments may not be offered or sold within the United States of America or for the account or benefit of U.S. persons. Further restrictions may also be applicable in respect of non-residents and potential investors should ensure that they are they are familiar with all such restrictions.

New Warrant and Instalment Articles
Welcome to the Standard Bank of South Africa Limited
Market Report
Date Updated: 4/6/2020 8:35:36 AM

WHAT HAPPENED OVERNIGHT IN THE US:

  • S&P -1.5% on Friday, found base again at 2470 (though never enough fight to avoid a 5th weekly loss in 7).
  • Data disaster (March Payrolls -701k, Unemployment 4.4%) though limited reverberation through market indicators.
  • US10yr remained rooted sub 0.60%; gold >$1620. DXY climbed again though no fresh signs of stress in EURUSD swap basis.
  • Fed announced a further tapering of purchases to $50bn/day (from $60bn, $75bn prior week) with cumulative March-to-date at $1trn.
  • But oil focus (>$34 vs mid-week low $24.50) on White House attempts to broker Saudi-Russia deal. OPEC+ meeting provisionally scheduled for Monday (today), moved to April 9.
  • Asia in the green – for those markets that are open. Closed today for national holidays China, India, Thailand.
  • Japan +3.1%, despite Tokyo cases surge and reports of looming lockdown. Korea +3.5% on slowing infection; Hong Kong +2.2%.   
  • Australia +4.4%, closed at day’s high. BHP +4.4%, indicates SA +3%.

 

 

      SOUTH AFRICAN NEWS:

 

· Fitch d/grade on Friday after hrs to BB – ie 2 notches into junk (one below Moody’s and S&P) with a negative outlook. We expected this and also expect S&P to downgrade SA at its review next month, but it fuels investors’ long-standing concern that SA is heading for a debt trap. Fitch indicated they will downgrade again if trend growth falls further or no “clear and credible” expectation of a stabilisation of government debt

 

TODAYS KEY DATA POINTS:

  • today (quiet)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


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