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WHAT HAPPENED OVERNIGHT IN THE US:
· S&P -0.15%: Pared gains on hawkish FOMC which all but confirmed a March hike and some whilst aggressively reducing balance-sheet.
· US 10yr>1.86% spiked 10bps, whilst Gold extended losses wiping out ytd gains & Brent> $90, IEA raised demand estimates.
· Tech ended flat after 3% drop, Nasdaq unch & Russell 2k (-1.4%)
· Asia’s in red, following US futs and MXAP nearing 14m low but base metals holding steady.
· NKY -3%, China -0.9%, HK -2.5% and HSTECH -4.1%.
· Australia -1.8%; anchored lower mostly by Tech -5%, materials (-0.8%) holding sturdy Iron ore and Coal trading better, RIO +2%, FMG -0.1% BHP +1.4% indi +1%
Expect JSE AllShare -0.75%
From SA Close:
|
|
% Move |
Level |
|
S&P |
-1.80% |
4 350 |
|
S&P Futs |
-1.20% |
4 289 |
|
ZAR |
1.52% |
15.42 |
|
Tencent |
-2.79% |
460 |
|
Gold |
-1.33% |
1 812 |
|
Plat |
-3.78% |
1 024 |
|
Pall |
-1.33% |
2 315 |
|
Copper |
-1.97% |
442.6 |
|
Oil Brent |
-0.61% |
89.3 |
|
Dalian iron |
0.00% |
773.5 |
|
Sing iron |
0.04% |
137.8 |
|
Coking Coal |
0.09% |
2 271.0 |
|
Thermal Coal |
-0.69% |
802.0 |
|
Steel Rebar |
1.09% |
4 739.0 |
TODAYS KEY DATA POINTS: Global Week Ahead
|
24 - 28 Jan |
Macro |
Market Holiday |
|
Monday |
US Markit PMI, EC Markit PMI |
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Tuesday |
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Egypt |
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Wednesday |
FOMC Rate |
Australia, India |
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Thursday |
US Initial Jobs, US GDP |
Taiwan |
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Friday |
Fra GDP, Fra PPI, Ger GDP |
Taiwan |
SA Week Ahead
· SARB rate announcement 3pm: Sbg still expect the SARB to hike in increments of just 25bps, rather than the bigger hikes being discounted by the money market.
|
24 - 28 Jan |
Earnings |
AGM |
Other Corp |
Macro |
|
Monday |
LTE FY |
|
CLS 20wk upd, S32 upd |
|
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Tuesday |
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HAR Prod Upd, OMU Upd, SOL Prod Upd |
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Wednesday |
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CLS, LHC |
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Thursday |
|
|
AMS Q4 upd, AGL Q4 up, KIO Q4 |
SARB Rate, PPI |
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Friday |
SNH FY, HDC FY |
|
BHP LDT relists BHG 30th Jan |
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