Confidence restored as South Africa exits the Greylist

October proved to be another resilient month for markets as both local and global indices ended in the green. Our local FTSE/JSE All Share Index returned 1.6% for the month, and is up a whopping 33.9% year-to-date. These returns have largely been led by the significant run in resource stocks, which make up roughly a quarter of the local equity market. While the resources sector was down -4.8% in October, the sector has returned a very impressive 95.1% YTD. Global Developed Markets, as measured by the MSCI World Index, were also positive for the month and returned 2.0% in USD, and are up 20.2% YTD.

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In the News

Oliepryse daal namate geopolitieke spanning afneem

Die oliemark het in Junie ‘n skerp ommekeer beleef nadat geopolitieke spanning in die Midde-Ooste tussen die VSA en Iran afgeneem het. Die Straat van Hormuzbly een van die wêreld se belangrikste strategiese skeepsroetes, met meer as 20% van wêreldwye uitvoere van ruolie en vloeibare aardgas (LNG) wat normaalweg deur hierdie smal waterweg vervoer word.

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Amerikaanse verdienste dryf markte hoër

Moody’shet Suid-Afrika se kredietgraderingvooruitsigop 22 Mei van stabiel na positief verhoog, terwyl die land se buitelandse-valuta kredietgradering onveranderd op Ba2 gebly het. Die graderingsagentskap het geleidelike verbeterings in die land se fiskale posisie, tesame met voortgesette vordering met strukturele hervormings, as die belangrikste redes vir die meer optimistiese vooruitsig aangevoer.

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