Market News

Herewith the latest market information:

Prime : 10.25%
Gold (US$ per ounce) : 1 342.89 (+1.59)
Brent Crude (US$ per barrel) : 60.96 (+0.02)
Dow Jones : 26 465.00 (+1.35%)
JSE Alsi : 58 629.00 (+0.75%)
ZAR/US$ : 14.56 (+0.21)
ZAR / Euro : 16.29 (+0.29)
ZAR / GBP : 18.29 (+0.32)

Market moving events: After a dull day last Friday, our market perked up yesterday. As an interest rate cut seems more likely in the USA, emerging markets and the Rand firmed. The Rand also took comfort from President Ramaphosa consulting with Eskom to provide additional support for the utility.

Positive Pointer: eThekwini Municipality is looking to obtain Blue Flag status on 6 beaches along the coastline.

Have a great Wednesday.

Kind Regards

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

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