/ China's PPI down 3.7% in May and factory output rises less than expected, retail sales continued to contract in May.
/ Fed kept interest rates flat and cautioned they expect conditions to remain tough into 2022. GDP 5% in 2021 and unemployment 5.5% in 2022
o S&P500 dropped -4.8% last week but remains +8.1% this month,
o Nasdaq dropped -2.3% last week but remains +6.4% this month,
o FTSE 100 dropped -5.9% last week but remains +5.3% this month,
o JSE Top 40 Index dropped -1.9% last week but remains +5.8% this month,
/ We’re starting to see the second Covid-19 wave in both the USA and China and this spooked markets. Detroit, Michigan is seeing new all-time case highs
/ Mnuchin says ‘we can’t shut down the economy again’
/ UK economy contracted by 20.4% in April, the largest monthly fall on record
/ Justeat-takeaway buys GrubHub
/ The Rand hit 16.33 overnight on Wednesday but then came under serious pressure at 17.20 on Friday.
/ Solid Multichoice results and first dividend payment as sports starts to resume.
/ Tsogo Sun Gaming results show debt of over R11billion. Casino industry wants to re-open ASAP
/ Solid Sygnia results
/ Sasol Draws Multiple Bids for Stake in U.S. Chemical Site
/ Hyprop update shows good recovery after the hard lockdown of April. Still opens below 100%, but looking better
￼Hyde Park Corner 67%
￼Rosebank Mall 76%
￼Canal Walk 85%
￼The Glen 85%
￼Woodlands Mall 85%
￼Clearwater Mall 88%
￼Somerset Mall 92%
￼Atterbury Value Mart 97%
Foot count at Hyprop’s malls:
￼March 2020 Down 24%
￼April 2020 Down 71%
￼May 2020 Down 39%
￼June 2020 (seven days) Down 24%
/ JSE Index balancing this Friday, Redefine is exiting both the Top40 and Fini15 to be replaced by Exxaro and Quilter respectively.
British Airways is auctioning off art worth millions as pandemic weighs on earnings