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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.

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Welcome to the Standard Bank of South Africa Limited
Market Report
Date Updated: 5/13/2021 8:38:45 AM

WHAT HAPPENED OVERNIGHT:

·        S&P -2.14%: inflation boogey man sparks selloff across all asset classes as rate hike expectations increase to as early as next year.  

·        US inflation saw the biggest uptick since 2009 hugely missing the highest Bloomberg estimates for April (0.8% vs 0.4% exp) sending Tech stocks and US bonds to the lowest level in recent months. Fed Vice Clarida said he was surprised by the rise in consumer prices and “we would not hesitate to act” to bring inflation down to its goals if needed.

·        Tech stocks continued to lead sell off, Nasdaq dropped 2.7%,  AAPL (-2.5%) and MSFT (-2.9%) pacing the losses. Materials (-2.5%) also came under pressure and Energy (+0.1%) as Colonial pipelines went back online.  

·        Asia’s in full risk off, equities, bonds and commodities hit hard following US rout, NKY -2.6%.    

·        China -1.1%, Copper futures tanked along with other industrial commodities after a sharp slowdown in China’s credit growth that signalled a tougher demand environment for raw materials. HK -1.3%. Tencent -2.4%, leading the regions tech shares 2.4% lower.   

·        Australia -1.1%, hit by double whammy of retreating commodity prices and falling tech, Tech -4.6% & Materials -1.5%. RIO -1.3% & BHP -1.2% indicates -2.8% SA open.

What else of interest?  

·        Iron Ore Tumbling: The likely trigger for the steep sell-off was China waving a big stick on runaway raw materials, with Premier Li Keqiang urging the country to effectively deal with the commodity price surge and its impact. Following Li’s intervention, futures in both Singapore and Dalian have tanked. In recent weeks there have been similar verbal warnings from officials, as well as tweaks to exchange margins. Bloomberg

·        ABG T/S: HEPS & EPS for the six months ending 30 June 2021 are expected to be more than 10 times the comparatives for the first half of 2020 of 67.7c and 58.8c respectively. Normalized HEPS for the six months expected to be between 5 and 6 times the normalized HEPS of 173.6c for first half of 2020

 

 SOUTH AFRICAN NEWS:

Expect JSE AllShare -1.5%. 

·        From SA close yday, S&P -0.9% (futs -0.9%), gold -$15 ($1818), plat -$19 ($1212), pall -$39 ($2877), copper -0.2% ($4.75/lb), Brent crude -1.8% ($68.43), Dalian iron -6.7% (237=spot $/t), Singapore iron -6.3% ($211), Dalian coking coal -5.9%, Steel Rebar -4.2%, BHP parity -2.8%, USDZAR -0.3% (14.10), Tencent -2.4% (HKD594).

Also due today:

·        11:30AM: Mining Prod

 

TODAYS KEY DATA POINTS:

 

Gobal Macro data – today

 

·        11:00AM: Ger Unemployment

·        02:30PM: US PPI, US Initial Jobless Claims

Global data – week ahead 

·        Fri (May 14): US Retail Sales, US Ind Prod, US Non-Farm Payrolls

·        Mon (May 17): US Emp Manuf

·        Tues (May 18): EC Trade Bal, EC GDP, UK Jobless Claims

·        Wed (May 19): US MBA Mtge Apps, FOMC, EC CPI, UK CPI

·        Thur (May 20): US Initial Jobless Claims, Ger PPI, ECB Current Acc

·        Fri (May 21): US Markit Manuf PMI, Fra Markit Manuf, Ger Markit Manuf. UK Retails Sales

SA – week ahead

·        Fri (May 14): SEA FY, ARL H1, AEL FY

·        Mon (May 17): DIA H1, ARL H1

·        Tues (May 18): CPI MoM, Retails Sales, VOD FY,

·        Weds (May 19): SARB Rate, RFG H1,

·        Thur (May 20): DTC FY, IPF FY, TBS H1

·        Fri (May 21): INL FY, DCP FY

 


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