Holiday show
- Back in 2010 the world watched as Greece plunged further and further into a debt crisis with many expecting the EU to not survive. But Angela Merkel saved Greece and the day.
[caption id="attachment_31826" align="aligncenter" width="888"]
Greek 10Y bond rates[/caption]
Greek debt to GDP (%)
source: tradingeconomics.com
On the 20th September 2021 Chinese property developer missed interest payments on some US$300billion of debt and this spooked markets into a selloff. But three months later nobody cares. What's the background sorry and why does nobody care?
After clogging up the Suez Canal for six days back in March 2021 and halting much of the worlds shipping trade, what happened to Ever Given?
Offshore
/ Strong year of returns globally, CAC40 (France) top index
/ US inflation, not transitory
/ US unemployment looking decent
/ China crackdown
/ Commodities mostly a soft year, the exception is oil
/ Supply chain chaos
Local
/ Good year for local markets
/ Delisitng galore
/ GDP
/ Rand
- Simon has a look back at the winners and losers from the JSE for 2021, year-to-date returns. There certainly are some losers, but mostly it is about winners as the Top40 did 21.5% so far and the top major global index was the Cac40 which returned 29.9%.
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Find the top ETFs here.
Offshore
/ US Labor Nov Nonfarm Payrolls +210K; Consensus +573K, unemployment improved to 4.2%. Fed's target for 'maximum employment' is for unemployment rate of 4.5%.
/ Didi leaving NYSE
/ Google will no longer require workers to return to the office on Jan. 10, delaying the return indefinitely.
/ Dorsey leaves Twitter
/ OPEC+ agrees to January production hikes
Local
/ Implats comes for RBPlats
/ Capital Appreciation results
/ Tharisa results
/ Bidcorp updates
/ Murray & Roberts update
Simon Shares
- Bidcorp (JSE code: BID). Strong update, they're coming out of this pandemic much stronger.
- Aspen (JSE code: APN) announces manufacturing deal with Johnson & Johnson (NYSE code: JNJ).
- Implats (JSE code: IMP) wants RBPlats (JSE code: RBP), sorry Northam Platinum (JSE code NPH).
- Powell, Fed chair, says inflation is not transitory.
- Oil under severe pressure, OPEC+ meeting was pushed back to Wednesday.
- New variant, I bought City Lodge* (JSE code: CLH) and Sun International* (JSE code: SUI) on Friday.
I did buy somme leisure on Friday, CLH at 400c and SUI at 2100c .. will see shortly if that was a good idea or not ..#JSE https://t.co/aHKZOIxLbu
— Simon Brown (@SimonPB) November 29, 2021