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Good Morning Voornaam,

Be quick! The TreasuryONE webinar is coming up at 9am this morning and there's still time to register at this link if you want to hear the team talk about the likelihood of a recession in 2023. Don't take the ostrich approach - arm yourself with knowledge.

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Ghost Bites:

In Glencore's investor update, the company laid out its plans for key commodities (including as part of the transition to net zero emissions) and how it thinks about returning capital to shareholders
Schroder European Real Estate is looking good on key metrics

Although it was a quiet day of news on the market, these two stories alone are worth a read in Ghost Bites this morning>>>

Give Ghost Wrap a try today

The latest Ghost Wrap podcast is a whirlwind update for busy people, deliverin g you the recent updates on Sasol, HCI, City Lodge, Nampak, Standard Bank, a host of property funds and the cancellation of the Premier IPO, all in under eight minutes!

Brought to you by Mazars, there's no better use of your time. Listen to it here>>>

Magic Markets

If you're interested in learning more about the type of analysis we do in Magic Markets Premium, you'll love episode 104 of our free podcast series. Learn about the bear case and bull case, the importance of insider selling and how technical and fundamental a nalysis works together. You'll find it here>>>

South Africa avoided a technical recession

The release of local GDP data confirmed that the South African economy grew by 1.6% quarter-on-quarter in Q3. After negative growth in Q2, South Africa has avoided a technical recession. This is an upbeat story, but TreasuryONE notes that we still aren't growing quickly enough to create more jobs.

The rand barely reacted to the GDP print, with the local currency in a tight range for the day around the R17.30 handle.

The PMI data boosted the dollar but the momentu m was short-lived, with the dollar giving up the ground it gained earlier this week. The 10-year yield is quoted at 3.56% and the 2-year yield is at 4.38%. The focus is on next week's Fed meeting and the interest rate announcement.

Have a great day!

Ghost Bites (Glencore investor update | Schroder results)

Glencore chose an excellent day to release an investor update, with little other news on the market. Schroder European Real Estate is looking good on key metrics.

Was Powell right about inflation?

Powell was right about some elements of inflation and its transitory nature. Chris Gilmour unpacks these drivers and what the future holds.

Ghost Wrap #4 (Sasol | HCI | City Lodge | Nampak | Standard Bank | Property (Vukile / Attacq / Fairvest / Emira / Resilient) | Premier)

With highlights from 11 companies in less than eight minutes, it can only be Ghost Wrap. This podcast is brought to you by Mazars.

Ep104: What's going on inside Premium?

We discuss some of the critical analysis we do in Magic Markets Premium, ranging from the bear case vs. bull case to fundamental and technical analysis. Come learn how to analyse companies.

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