View in web browser

Good morning Voornaam,

There's so much going on in the markets that it's always a good idea to lift your head and remember what the key themes are right now. Aside from the obvious one of China, the team at Satrix has given us a helpful overview of the major pushes and pulls in global markets at the moment. Read it here>>>

Locally, Afrimat definitely wins the comeback king award. After releasing numbers that showed a sharp decrease in earnings, the share price somehow managed to close flat for the day! There's also a helpful read-through in those numbers for ArcelorMittal.

Moving on, Mondi is buying Schumacher Packaging in Europe. I apologise in advance for the dad jokes on that one. It's an important deal, giving Mondi a major boost in its sustainable packaging efforts in Europe.

In other corporate news, Accelerate Property Fund is trying to sell Cherrylane (again), DRA Global is likely to delist (but there are nuances) and Hammerson has been busy with reshaping its balance sheet. Finally, there's more good news in the property sector, this time from Schroder European Real Estate.

All these updates plus numerous Nibbles are in Ghost Bites at this link>>>

For those of you who are interested in trading or curious about how it differs to investing, The Trader's Handbook is the perfect podcast to satisfy that curiosity. The latest episode with IG Markets South Africa deals with index trading and why it is a popular choice for traders. Get ready to learn in this podcast and for those of you who prefer to read, there's a full transcript as well.

You still have a couple of hours left to register for Unlock the Stock today, featuring Pan African Resources.

Have a great day!

FEATURED: The Trader's Handbook Ep 8

IG Markets Episode 8: In Episode 8 of The Trader’s Handbook, learn why indices are an attractive option for traders, providing broad market exposure, lower risk compared to single stocks and significant cost advantages. We also discussed practical tips on technical indicators such as RSI and stochastic oscillators. Enjoy it here>>>

FEATURED: Key market themes locally and abroad with Satrix

Satrix: There are many sources of risk that might concern investors currently – making the case for diversification as strong today as it ever was. Satrix highlights some of these risks and the opportunities they present. Find it here>>>

Global Mobility - Common Mistakes by Employers and Employees

Ghost Stories podcast: Elzahne Henn of Forvis Mazars in South Africa sheds light on the common mistakes and misconceptions related to cross-border employment. These insights are valuable for employers and employees alike. Enjoy it here>>>

Dominique Olivier: Venice Biennale - The World at a Glance

Dominique Olivier: If art is a mirror, as the saying goes, then the Venice Biennale offers what can only be described as a panoramic reflection of the world in 2024. In this exclusive for Ghost Mail, Dominique takes you on a journey into how contemporary art is the outlet for humanity. Get it here>>>

Ghost Bites - local company news:

Ghost Bites: The latest on Accelerate Property Fund, DRA Global, Hammerson, Mondi, Schroder European Real Estate and numerous Nibbles in Ghost Bites here>>>

Ghost Wrap:

Ghost Wrap: Get up to date on the performance and latest news at Nampak, SPAR, Metair and Transaction Capital in just a few minutes. Brought to you by Forvis Mazars, you can enjoy Ghost Wrap here>>>

CA Sales Holdings on Unlock the Stock

Unlock the Stock: CA Sales Holdings has been a regular feature of Unlock the Stock. Those who have backed the strategy have gotten excellent returns from it. In this video, they presented the recent numbers and engaged with the audience's questions. Get it here>>>

Investec podcast: responsible investing

Investec Wealth & Investment International has launched a comprehensive guidebook on responsible investing. In the latest episode of the No Ordinary Wednesday, Jeremy Maggs speaks to the authors, Boipelo Rabothata and Maxine Gray. Enjoy it here>>>

International Business Snippet:

General Motors hosted an investor day at a time when the automobile industry is facing huge challenges. The market didn't exactly love it, as there were no real fireworks. I think this speaks to the broader industry at the moment, where everything is just a really difficult grind. The exciting stuff in this sector is happening in China and nowhere else, with American and especially European companies having to fight to defend market share.

With GM only expecting earnings for 2025 to be roughly in line with 2024, there isn't much for investors to latch onto here. One of the metrics that will be watched carefully is electric vehicle losses, which are expected to reduce significantly next year.

Our latest research in Magic Markets Premium is on Verizon. Do the economics for telecoms players look any better in the US than in South Africa? You'll find out in the latest report for our subscribers this week.

Magic Markets: How to Read a Balance Sheet

Magic Markets: The balance sheet is often the difference between success and failure for a corporate. Reading a balance sheet is a key step in equity analysis, but what are the most important things to look out for? Get it here>>>

IG Morning Call: daily macroeconomic update

US equity markets closed higher overnight after minutes from the last Federal Market Open Committee (FOMC) meeting noted that the recent outsized rate cut ‘should not be seen as a sign of a more negative economic outlook’.

Asian markets are notably firmer this morning as policymakers look to provide detail on a new fiscal stimulus measures on Saturday.

In turn we are expecting a positive start for the JSE All-Share Index this morning.

The dollar remains firm ahead of this afternoon’s US inflation data. The rand remains at its softest levels in roughly three weeks.

Gold is trading flat in early trade, having declined yesterday based on dollar strength.

Oil prices remain elevated on concerns around supply disruptions in the Middle East and inclement weather in the US.

Traders will want to keep an eye out for this afternoon's US CPI inflation data.

Key Indicators: USD/ZAR R17.65/$ | US 10yr 4.07% | Gold $2,611/oz | Platinum $961/oz | Brent Crude $76.60

The macroeconomic update is based on IG's morning call update