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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.

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Welcome to the Standard Bank of South Africa Limited
Market Report
Date Updated: 2019/01/18 08:35:53 AM

WHAT HAPPENED OVERNIGHT IN THE US:

·         S&P +0.8%, took late leg up on WSJ report of US doves seizing initiative in trade talks with China.

·         Later denied by US officials, trade-sensitives still held gains. Copper up a percent; soybeans +1.7%; Boeing +2%; Caterpillar +2.2%.

·         “No new…decisions have been made”, insisted Treasury spokesman to FT, rebuffing WSJ report that Sec Mnuchin had proposed lifting “some or all” China tariffs.

·         Earnings a back seat for first time this week. Morgan Stanley -4.4%, finally knocked the wind out of financials bounce. After-hrs, Netflix -4%, reported sales growth slower than ests.

 SOUTH AFRICAN NEWS:

·         Expect AllShare +0.75%. From SA close, S&P +0.8%, gold +$1 ($1291), plat +$6 ($803), pall +$25 ($1416), copper +1.2% ($2.69/lb), oil +1.7% ($61.77), Dalian iron +1.1%, Dalian coking coal +0.1%, BHP +0.75%, USDZAR -0.5% (13.72), Tencent +1.2% (HKD335).

·         SARB yday on hold (at 6.75%) in a unanimous decision, lowered inflation forecast (to 4.8% for FY19 and 5.3% for 2020) - even more benign than consensus. We expect rates on hold thru the year, so we remain comfortable with that assumption, while ZAR has regained footing and remains constructive (the right side of key technical levels).

·         Retailers took big pain yday on Xmas disappointment with double whammy of relatively low short base coming into updates, wrong-footing a lot of fast-money. We saw early fresh shorts being put on in MRP & WHL (from barely a little over 1% pre updates), while TFG we saw short covering after positive numbers (having been the only crowded short in the sector). MRP & WHL both closed at lows but should find a better early footing this morning.

·         Asia fine with pain trade still higher. China +1.2%, on track for comfortable weekly gain; Hong Kong a 7-week high. Currencies still steady; GBP has brushed up against 1.30.

·         Commodities holding last night’s gains. Rio +0.3%, booked in-line Q4 production of iron ore and copper. Oil up through $61 in boost for energy stocks.

 

TODAYS KEY DATA POINTS:

·         11.30am: UK Dec Retail Sales

·         4.15pm:  US Dec Ind Prod

·         5pm: US Jan Uni of Mich Consumer Confidence

 


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