The unemployment rate in South Africa decreased to 32.9% in Q3 of 2022, from 33.9% in Q2, as the manufacturing, trade, construction and transport industries recorded a boost in jobs. The expanded definition of unemployment – which includes discouraged work seekers – also showed improvement in Q3 to 43.1%, compared to 44.1% in Q2. In Tuesday’s trading session in the local markets, the Top 40 closed the day down 0.27% and the Resources 10 sector went up by 0.81%, the Financial 15 went down by 1.66%, the Industrial 25 went down by 0.35% and lastly, the South African Listed Property index was down 0.33%. The Rand traded at R17.00 against the Dollar, R20.35 against the Pound, and R17.58 against the Euro. Glencore’S bullish momentum continues as the share price reached new all-time highs in the trading session.
Figure 1: Glencore Historical Chart (Source: ThinkTrader Web)
On the commodities front, Brent Crude oil is trading at $84.68 a barrel and WTI Crude oil is trading at $78.63 a barrel. Gold is currently trading at $1754.10. Platinum is now trading at $1006.51 and lastly, Palladium is at $1874.50.
Across the globe, the S&P 500 closed the day down 0.16%, the Dow Jones closed the day up 0.01% and the Nasdaq had a 0.73% drop. The FTSE 100 was up 0.79%, the DAX was up 0.12% and the CAC40 was up 0.35%. In the Asian markets, the Nikkei 225 is currently down 0.21% and the Hang Seng is currently up 0.58%. On the economic data side, the Eurozone is set to release the CPI numbers for the region with a forecast of 10.4%, down from the previous print of 10.6%. The United States is also going to release data today for the Q3 GDP numbers at 15:30, Pending home sales at 17:00, Crude Oil Inventories at 17:30 and finally, the Federal Reserve Chair, Jeremy Powell is set to speak at 20:30.
SA Corporate Diary
Company Name |
Last day to trade |
EX Date |
Pay Date |
Datatec |
29/11/2022 |
30/11/2022 |
05/12/2022 |
Grand Parade Investments |
29/11/2022 |
30/11/2022 |
05/12/2022 |
Invicta Holdings |
29/11/2022 |
30/11/2022 |
05/12/2022 |
Ninety One Limited |
29/11/2022 |
30/11/2022 |
05/12/2022 |
Pan African Resources |
29/11/2022 |
30/11/2022 |
05/12/2022 |
Pick n Pay |
29/11/2022 |
30/11/2022 |
05/12/2022 |
Raubex |
29/11/2022 |
30/11/2022 |
05/12/2022 |
Stor-age |
29/11/2022 |
30/11/2022 |
05/12/2022 |
Textainer |
29/11/2022 |
30/11/2022 |
05/12/2022 |
Transaction Capital |
29/11/2022 |
30/11/2022 |
05/12/2022 |
Vodacom |
29/11/2022 |
30/11/2022 |
05/12/2022 |
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