|Bid||0.00 x 1000|
|Ask||0.00 x 1100|
|Day's Range||52.26 - 52.77|
|52 Week Range||46.63 - 75.50|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.43|
|Expense Ratio (net)||0.59%|
The South African economy received a boon last week from its largest trade partner, China, as authorities in Beijing promised to implement monetary and fiscal stimulus. In the U.S., despite the three-week funding deal announced last Friday, airlines were brought to the very edge by the longest government shutdown in history. FAANGs caught this week’s podium with earning releases while worries regarding the slowdown in global economic activity and uncertainties over Sino-U.S. relations took a toll on the U.S. dollar. Finally, investors took interest in leveraged bets on commodities as oil surged after U.S. slapped fresh sanctions on Venezuela. Check out our previous trends edition at Trending: Investors Turn to Dividend Aristocrats Amid Market Volatility.
The stock market, like any other market, is simply the sum of all transactions for shares of publicly listed companies, millions of which are conducted every day. Hour by hour, minute by minute, Benjamin Graham's voting machine is hard at work as market participants express their opinions regarding a company's future prospects through the price at which its shares transact. A company's share price resulting from this system, when multiplied by total shares outstanding, forms its market capitalization.
In 2000, Africa was labeled “The Hopeless Continent” by The Economist. In 2011, the cover read “Africa Rising.” What has changed for investors?
South Africa’s rand outperformed other emerging market currencies against the U.S. dollar on Wednesday thanks to improving risk appetite, but there are plenty reasons to be cautious.
The iShares MSCI South Africa ETF (NYSE: EZA) is up 3.28 percent over the past week, reducing its year-to-date loss to just over 22 percent. South Africa, Africa's largest economy, isn't in the tenuous positions of other emerging markets, such as Argentina and Turkey, but analysts and market observers remain reserved about the near-term rebound prospects for South Africa's economy. “South Africa's latest economic plan is unlikely to deliver a significant boost to economic growth,” Fitch Ratings says.
Asia Down Heavily, EM Currencies Keep Falling, South Africa Slaughtered Hong Kong is leading Asian equities down this morning, Hong Kong’s Hang Seng leading the plunge down 650 points or 2.3%. China’s Shanghai Composite comes in second with a loss of 1.7%, though the Yuan remains stable against the dollar unlike other emerging market currencies […] The post Market Morning: EM Turmoil Continues, Asia Down, Italy Reassures, Musk Flares, Toyota Recalls appeared first on Market Exclusive.