Black Friday breaks records
Black Friday sales were strong, with online sales up 7.5% YoY to $9.8bn. Cyber Monday is expected to break records with an estimated $12.5bn in sales. Companies like Shopify (+4.89%), Etsy (+3%), and Affirm (+12%) saw significant gains due to the increased demand for their products.
SA equities may deliver 20%
Markets have been relatively quiet overnight due to the US Thanksgiving holiday. While the ceasefire in the middle east is good news, major Asian indices are down this morning, with China performing particularly poorly.
01 Nov : Gains Overnight -> FOMC Meeting Today
Broad, but modest gains overnight for the Dow and Nasdaq. BP down. AB Inbev up.
24-Oct : SA Market Outlook
The SA market outlook remains cautious with the view that the geopolitical situation won’t escalate. Energy, and rail in the mix.
3 October : All about the Rand
From 18.8650 low yesterday to 19.2900 this morning, almost 2% move overnight. Weak resources and higher rates for longer. ZAR -> USD -> NVIDIA in under 2 minutes on Clarity.
