Global
/ US past 40million initial claims and Q1 GDP updated to -5.0% from -4.8%
/ Personal saving rate 33% in April
/ Germany’s Business Climate Index rose to 79.5 in May as the country reopens
/ Reuters ~ China's May factory activity returns to growth but demand remains weak
/ China US tensions increasing
/ Bill Ackman's Pershing Square Capital Management announced it had sold off its entire stake in Berkshire Hathaway. BH has $133.3 billion hoards of cash vs S450 market cap (third of assets are lazy and not been deployed).
Local
/ PSG announced CPI unbundling details (14 CPI for every 100 PSG)
/ Woolies update, spending AU$100million on Australia
/ TigerBrands results as branded goods come under further pressure.
/ Famous Brands very pessimistic on casual dining recovery
/ Stats SA delayed April CPI by a month due to difficulty collecting data
/ PIC talking about converting Eskom debt to equity