| Be quick! The TreasuryONE webinar is coming up at 9am this morning and there's still time to register at this link if you want to hear the team talk about the likelihood of a recession in 2023. Don't take the ostrich approach - arm yourself with knowledge. Keen to win a Takealot voucher? Of course you are. Stand a chance of winning and have your say in the Alternative Investments Survey presented by Jaltech. You'll also get a free copy of their Alternative Investments and Cryptocurrency Report. Click here to participate>>> Ghost Bites:In Glencore's investor update, the company laid out its plans for key commodities (including as part of the transition to net zero emissions) and how it thinks about returning capital to shareholdersSchroder European Real Estate is looking good on key metrics
Although it was a quiet day of news on the market, these two stories alone are worth a read in Ghost Bites this morning>>> Give Ghost Wrap a try todayThe latest Ghost Wrap podcast is a whirlwind update for busy people, deliverin g you the recent updates on Sasol, HCI, City Lodge, Nampak, Standard Bank, a host of property funds and the cancellation of the Premier IPO, all in under eight minutes!
Brought to you by Mazars, there's no better use of your time. Listen to it here>>> Magic MarketsIf you're interested in learning more about the type of analysis we do in Magic Markets Premium, you'll love episode 104 of our free podcast series. Learn about the bear case and bull case, the importance of insider selling and how technical and fundamental a nalysis works together. You'll find it here>>> South Africa avoided a technical recessionThe release of local GDP data confirmed that the South African economy grew by 1.6% quarter-on-quarter in Q3. After negative growth in Q2, South Africa has avoided a technical recession. This is an upbeat story, but TreasuryONE notes that we still aren't growing quickly enough to create more jobs. The rand barely reacted to the GDP print, with the local currency in a tight range for the day around the R17.30 handle. The PMI data boosted the dollar but the momentu m was short-lived, with the dollar giving up the ground it gained earlier this week. The 10-year yield is quoted at 3.56% and the 2-year yield is at 4.38%. The focus is on next week's Fed meeting and the interest rate announcement. Have a great day! | 