Current (2015/11/18) 43.92 36.00 4 700.00 14.22 849.90 740.00 520.00
42.00 10 364.00
42.00 9 068.00
The Rand along with other Emerging Market Currencies managed to stage a slight come back yesterday before the US Inflation number for October was printed. The Rand managed to rally to a low of 14.21 yesterday despite the hammering resource stocks on the JSE were dealt yesterday. Gold mining shares were the worst hit with a collective decline of 4.4% in the index. The Rand has however given away most of the gains as the pendulum has once again moved back to risk-off. Asian shares are mixed this morning, and US equities were flat overnight after promising US Inflation figures are adding support to the US Fed’s desire to raise interest rates in December. All but one of the inflation figures published yesterday are showing signs of an economy entering a cycle of monetary tightening. The headline figure of 0.2% is still a good number, but when compared to the figures that exclude the effects of food and especially the drag of energy, it doesn’t provide the same motivation for a rate hike just yet. One of the factors causing the headline figure to lag its core figure relatives is the continual slump in commodity prices and more specifically the slump in oil prices as excess stocks continue pile yet with no demand to match the supply. Brent crude is trading below $44 per barrel as stockpiles across the globe are continuing to rise week on week. US crude stockpiles have increased for the 8th week in a row. Copper prices have also slid over the past month as fears of a slowdown in global growth and a hike by the US Fed weigh it down, along with platinum and palladium prices. It’s as if the market believes China isn’t growing at all when, in fact, it is just growing at a pace that cannot consume the levels of commodity production we have become addicted to over the last decade. The biggest data events today will be the local inflation figure for October and the US Fed minutes from last month. Local inflation is expected to be 4.7%, well within the target band, and shouldn’t give the SARB any reason to hike just yet. The SARB meets tomorrow to decide on local interest rates, and it is expected that they will convey a hawkish tone in a feeble attempt to talk up the Rand. A hike in January seems more likely, though. The US Fed minutes will give us insight into how serious the members are about hiking in December. The Rand should trade risk off today as equities gave little momentum for gains and stuttering commodities weigh on the economy. Add to this a Dollar that is very much rampant at the moment and several headwinds come to the fore that will put the Rand under pressure and prevent it from making any meaningful gains.
after posting its biggest monthly drop since 2008 in July on China's stock market slump and signs that top Middle East producers were pumping out crude at ...
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SCHOOL CALENDAR 2017-2018. All Elementary Schools, KRMS & KRHS. M T W TH F M T W TH F. AUGUST/ (28) (29) (30) (31) X FEBRUARY 1 2. SEPTEMBER X 5 6 7 8 (17 days) 5 6 7 8 9. (18 days) 11 (12) 13 14 15 12 13 14 15 16. 18 19 20 21 22 19 20 21 22 23. 25 2
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taxonomic investigation. Phylogenetic analysis based on 16S rRNA gene sequences revealed that ... C16 : 0 and the DNA G+C content was 60.9 mol%. Analysis of the ... micrometre ratio was calculated via imaging software and this ratio was ...
City of Jersey Village City Hall SRD135 32 50 44 65 70 68 28 66 64 78 0 0 565. Richard & Meg Weekley Community Center SRD135W 48 49 64 101 78 97 41 ...
Note: The indices are diffusion indices and vary between 0 and 100. At 50 an index reflects. a 'no change' situation and above or below 50 implies a positive or a negative reading. depending on the trade component. * The TAI is the composite index of
Name a place in Kenya where tarns are found. (1 mark) .... ('31 )- ('1) Describe a suitable site where you would locate a weather station in your school. (2 marks).
This ptwer has two sections: A and B. Answer all the questions in section A. In section B answer question 6 and any other two questions. A 1! answers must be ...
