| Good morning Voornaam, For many South Africans, that was a pretty special weekend across the Springboks and adopted son Sir Lewis Hamilton, who pulled off surely the most emotional win of his career. I'm just thrilled to see that (1) the irritating commentary around the best rugby team in the world not being World Champions is now a thing of the past and (2) we have proper racing again in Formula One, the sport I've loved since I was very little.
It's Monday, which means it's time to get serious again and plan out your calendar this week. Unlock the Stock is on a roll at the moment, with another great event lined up for Thursday. This time, you get to hear directly from the management teams of Attacq (with one of the better property portfolios in South Africa in my opinion) and Capital Appreciation, a tech player that is worth learning about. Attendance is free as always, but you must register here to attend at 12pm on Thursday. See you there!
The first episode of my new podcast series with IG will be launching soon, bringing you great insights into trading. In the meantime, if you're wondering how much money you need to get started in trading, this article by the IG team will be helpful. And if you just can't wait to play around on the platform, then you can set up a demo account here to get familiar with it.
Enjoy the rest of your Ghost Mail. I've played around with the format again and would love to get your feedback as I continue to refine it.
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| FEATURED: Short Stories v.02 - Business behaving badly |
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| Dominique Olivier: Amazon and a bit of corporate "research". Domino's and a delivery promise that caused more harm than good. Nestlé being Nestlé. Here are three tales of corporates behaving badly. Read it here>>> |
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| FEATURED: Millennials and Gen Z - the future of investing |
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| | | Satrix: There's nothing quite like insights backed up by data, with Siyabulela Nomoyi digging into the trends they are seeing at Satrix among investors under the age of 40. Give your own journey some context with this great article>>> |
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| Ghost Bites: Glencore and South32 have moved a step closer to their respective recent deals, with Glencore acquiring Elk Valley Resources and South32 disposing of Illawarra Metallurgical Coal. Orion Minerals has launched the share purchase plan. There's potential corporate activity at Telemasters. Read Ghost Bites here>>> |
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| | | Unlock the Stock: For the stock pickers among you, there's really nothing better than hearing directly from the management teams of listed companies - especially in a Q&A session. The latest edition of Unlock the Stock featured Spear REIT and Adcorp. Enjoy it here>>> |
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| Ghost Wrap: You need just five minutes to get the latest on a few stocks that I think are worth watching in a GNU environment. KAP, Sephaku Holdings, ArcelorMittal and Nampak are all waiting for you, brought to you by Forvis Mazars. Listen to it here>>> |
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| Magic Markets: The GNU dawn might be all the rage in South Africa, but what does this mean for portfolio strategies? Which macroeconomic indicators are important here and which sector would we focus on to play this theme? Listen to the podcast or read the transcript at this link>>> Investec No Ordinary Wednesday podcast: The market may be unpredictable, but your investment strategy doesn’t have to be. Investec Investment Management experts share their insights on what approaches are winning, common mistakes investors make, and why staying the course is important. Enjoy it here>>> |
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| International Business Snippet: |
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| The IPO market is always a great barometer for the level of "frothiness" in the market. In Southeast Asia, IPOs for the first half of the year are down 21.2% according to research released by Deloitte. The amount raised through the IPOs fell by 53.3%. Not only are there fewer IPOs, but they are also smaller on average. High interest rates inevitably lead to lower activity in equity markets.
If you want to become a better stock picker, Magic Markets Premium is perfect for you. We covered Acushnet this week. To get access to this research and the rest of the vast library, subscribe to the platform here. |
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| IG Morning Call: daily macroeconomic update |
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| Friday’s weaker than expected labour report has seen expectations of a rate cut in the US nearing, resulting in a softening of the dollar and long dated treasury yields.
The rand is a short term benefactor of the US data, now trading at around R18.15/$.
Asian equity benchmarks are however leading global indices lower this morning, after weaker than expected services data was released out of China. European index futures are suggesting a marginally lower start to the trading session after French elections look to have produced a hung parliament. In a news light day, the JSE All-Share Index appears likely to follow its international peers lower in early trade.
The prospect of a ceasefire in Gaza is tempering recent gains in oil prices today.
Gold is trading slightly lower this morning after having gained on Friday post the US jobs data release.
Key Indicators: USD/ZAR R18.17/$ | US 10yr 4.29% | Gold $2,383/oz | Platinum $1,023/oz | Brent Crude $86.09
The macroeconomic update is based on IG's morning call update |
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