1. JSE-OVER (285.500, 285.500, 280.850, 283.550, -1.95001)
Authorised Financial Service Provider 300
FSP License number 25664 295
Office:€€€€€€€ +27 (0)41 363 4635 290
Fax:€€€€€€ €€€€ +27€(0)41 363 5202 285
Mobile:€€€ € +27 (0)82 738 2277 280
www.quantuminvestments.co.za 275
270
02-Aug-10 265
260
Local Indices Local Index Futures Currencies 255
Close % Ch MTM Pts Ch Last % Ch 250
All Share 28355 -0.68% SEP10ALSI 25224 -197 Rand Dollar 7.3 -0.60% 245
ALSI40 25255 -0.73% Rand Sterling 11.437 0.08% 240
FINI 8031 -1.09% Overseas Futures (8:00am) Rand Euro 9.532 -0.16% 235
GOLD 2338 1.37% Last % Dollar Euro 1.304 0.42% 230
INDI 23152 -0.31% Dow Futures 10484 0.64% 225
Resource 48363 -0.89% S&P Futures 1106 0.75% 9 16 23 30 7 14 21 28 11 18 25 1 8 15 22 1 8 15 23 29 12 19 26 10 17 24 31 7 14 28 5 12 19 26 2 9 16
November December 2010 February March April May June July August
General Commentary
Foreign Indices Yesterday's top movers Commodities The markets closed on Friday little changed after trading far lower throughout most of the
Last % Ch On the UP side Last % Ch day. The candlestick on the Allshare chart shows the trading activity and how it pulled
Dow Jones 10465 -0.01% Goldfields 1.60% Gold (US$) 1175 0.65% back close to the short term trend line. One could possibly argue that a reversal occured
Nasdaq 100 2254 0.13% Telkom 1.43% Gold (Rand) 8581 0.54% and that one should therefore be buying for another leg up. We believe otherwise and
S&P 500 1101 0.01% PPC 1.42% Platinum 1557 -0.19% think that the market is still vulnerable for more downside and will not be buying just yet.
FTSE 5258 -1.05% Brent Crude 77.08 0.10% Asia is trading higher this morning as well as US futures after positive earnings results
DAX 6147 0.22% On the DOWN side from Honda and Hyundai. 42% of the MSCI Asian index companies have beaten analyst's
CAC 3643 -0.24% Investec -2.44%
expectations and are thus easing investor's concerns about the global economic recovery.
Nikkei 225 9597 0.64% Bidvest -2.39%
Higher yielding assets are in demand such as equities and emerging market currencies
ASX200 4547 0.89% Imperial -2.28%
while the US dollar and Yen are trading weaker.
We are watching the US' economic calender today to see what the ISM manufacturing
index reports. We expect a number of 54 while the previous month was 56. A number
above 50 signals expansion so the US manufacturing economy continues to grow, albeit at
a slower pace than the previous months. The survey is conducted over 300 manufacturing
firms on employment, production, new orders, supplier deliveries and investories.
DISCLAIMER: The Information obtained is from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the observations, and opinions are entirely at your own risk and it is your sole responsibility to evaluate the accuracy,
completeness and usefulness of the information. The information provided here is for interest and educational purposes only, and does not constitute advice. The editor and publisher will not be held responsible for losses incurred as a result the opinions expressed herein