Market News

Herewith the latest market information:

Prime : 10.00%
Gold (US$ per ounce) : 1 203.30 (+3.10)
Brent Crude (US$ per barrel) : 78.81 (-0.22)
Dow Jones : 26 405.00 (+0.61%)
JSE Alsi : 56 445.00 (+0.11%)
ZAR/US$ : 14.64 (+0.17)
ZAR / Euro : 17.09 (+0.25)
ZAR / GBP : 19.26 (+0.24)

Market moving events: Our market closed marginally higher yesterday. The Rand firmed against all major currencies after better-than-expected SA inflation numbers were reported.

Positive Pointer: The Rand gained 2% against the US Dollar after August inflation surprised on the downside. Statistics SA announced that inflation softened to 4.9% against an expectation of 5.2%. This has also eased fears that the SA Reserve Bank would raise interest rates today.

Have a great week.

Kind Regards

Gary Bartlett
082 887 4294
www.qfg.co.za

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