Welcome to the Standard Bank of South Africa Limited
| Index |
Value |
Move (%) |
Time** |
| Dow J. |
16 425 |
+162 (1.0%) |
2231 |
16 Apr |
| FTSE |
6 584 |
+43 (0.7%) |
1735 |
16 Apr |
| DAX |
9 410 |
+92 (1.0%) |
1745 |
16 Apr |
| H. Seng |
22 757 |
+61 (0.3%) |
0959 |
17 Apr |
| Nikkei |
14 418 |
-0 (0.0%) |
0828 |
17 Apr |
| All Ords |
5 445 |
+32 (0.6%) |
0940 |
16 Apr |
| ** updated hourly |
|
WHAT HAPPENED OVERNIGHT IN THE US:
· S&P +1.1%, added 50dma to recent tally to confirm tactical bullish stance, and push back within 30pts of record.
· But 10yr at 2.62% rooted to bottom of 6-month range as Yellen hammered a dovish tone in speech to Economic Club of NY.
· Inflation lagging the recovery due to “very high levels of slack”, she said. TIPS 10yr breakeven expectations little changed at 2.17%
· After-hrs mixed news techs. Weibo managed to get away just 16.8m shs at $17 vs expectations 20m at $17-$19. Yahoo little changed (owns 24% Alibaba which increased its Weibo holding in the IPO).
· Google -3% came up short on higher costs & light revenues, and clicks-per-ad +26% vs ests +29% (price-per-click -9%).
WHAT’S UP THIS MORNING IN THE EAST:
· Asia ok, but wind out of sails in techs (Softbank -0.4%, Samsung -0.8%, etc).
· Tencent +1.5% bucking the trend, benefiting at Weibo’s expense – presumably on divergent recent trend in registered users.
· Australia +0.6% not far off session highs. IT ok, and materials mixed. BHP +0.4% indicates flat London open.
SOUTH AFRICAN NEWS:
· Expect AllShare +0.25%. From SA close yesterday, gold unchanged ($1300), plat unchanged ($1435), ZAR unchanged, S&P +0.7%.
· Today’s XDs: BRN 40c, FGL 2c, MNP/D 386c, OML 107c.
TODAYS KEY DATA POINTS:
· 8am+: Europe earnings (SAP, Akzo Nobel, Atos, Sodexo)
· 12pm+: GE (32c), Morgan Stanley (60c), GOldmans (349c), Honeywell (126c), Blackrock (410c), etc
· 2.30pm: US initial jobless (315k), cont claims (2.78m)
|