United States ISM Purchasing Managers Index (PMI)

Been a horror for three years

WorldWideMarkets sponsored Shyft Global & Standard Bank Global Markets Retail

🔔 Optasia* Listing
🚗 SA Vehicle Sales – Strong Again
🇿🇦 Potential Sovereign Ratings Upgrade?
🪙 Gold – Consolidating
📉 Market Crash Fears – Let’s Talk About It

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Optasia first day trading on the JSE today

IPO price was 1900c

Stats for the day;
° Opened 2075c
° High 2084c
° Low 1900c
° Close 1938c

Up 2% in a strong down day ?! Not exactly a pop listing but I hold some ..

Optasia IPO not exactly rocking, listing price was 1900c, 6x over subscribed but trading at 1944c

And here are returns over the last year (ex dividends)

Nasdaq -3.81%
S&P500 -1.17%
Russell 2000 -12.00%
Nikkei 225 -14.38%
Top40 +10.15%
FTSE100 +1.48%
Euro Stoxx 50 -4.01%
Gold +31.54%
Bitcoin +13.56%
Nifty 50 -+3.63%

Draw downs from highs

Nasdaq -21.34%
S&P500 -16.69%
Russell 2000 -25.03%
Nikkei 225 -20.00%
Top40 -8.91%
FTSE100 -8.57%
Euro Stoxx 50 -11.38%
Gold -1.92%
Bitcoin -28.50%
Nifty 50 -11.19%

Debt: Your DIY repayment plan
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Coffee :(

Local inflation 2.8% for October

So now below the target 3%-6% range. MPC needs to cut aggressively tomorrow or the whole target thing is just a joke.

Aside form the pandemic this is the lowest in forever

like what are the odds I'll answer this ?!

The IMF holds 91 million ounces of gold on its balance sheet, a legacy from its founding in 1944.

If it sold just 4% of it, the IMF could provide meaningful debt relief for 86 low-income and climate-vulnerable countries.

- Boston University Global Development Policy Center

This week in JSE Direct

° Crypto Flying as Gold Crashes
° ZAR collapse
° Excellent Raubex results
° MTN & Vodacom, are they investable?
° Consumers still struggling

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