TreasuryONE webinar tomorrow - make sure you register for the TreasuryONE webinar at 9:30am on Wednesday morning. The team will be examining the likelihood of a recession in 2023,so don't miss it! Knowledge, as always, is power. Register for the event here>>> Also, if you fancy the chance of winning one of ten Takealot vouchers to give that Christmas shopping budget a boost, complete the Alternative Investments Survey presented by Jaltech. You'll also get a free copy of their Alternative Investments and Cryptocurrency Report. Click here to participate>>> Ghost Bites:Hyprop reports improved trading conditionsMetair has proven its mettle in the toughest of yearsDisaster at Murray & Roberts as the Clough deal falls throughLike the other banks, Nedbank is enjoying these conditionsNampak has packed another punch for its poor shareholders, with an 8.5% drop after releasing earningsOceana had a much better second half to the year, though the dividend has still droppedTharisa announces record profitsYork Timber taps the market for capitalAs you can see, it was a very busy day on the local m arket. To get these updates and more (like results from Sygnia and Alexander Forbes), make sure you read Ghost Bites>>> US dollar on the back footThe dollar has erased more than half the year's gains in the past couple of weeks, with the market betting that the US Fed will temper its aggressive stance on hiking rates. The speculation around the reopening of China is also a factor. TreasuryONE notes that when coupled with this risk-on sentiment, the news that President Ramaphosa is unlikely to resign has helped the rand strengthen to around R17.24 - a far cry from the R17.95 we saw at the start of the month. The rand isn't out of the woods yet, with any fresh news around the Phala Phala report likely to drive volatility in a period where little fresh data is expected. In commodities, the news in China caused Brent Crude to jump to $88 per barrel. The balancing factor is the market pricing in low demand in 2023. The gold price slipped, trading at $1,790 per ounce. Listen and learnThe latest Ghost Wrap podcast is a whirlwind update for busy people, delivering 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 minu tes! Designed by a busy ghost for busy people, Ghost Wrap is brought to you by Mazars. Listen to it here>>> In the latest episode of Magic Markets, we used the opportunity to talk about some of the analysis we do in Magic Markets Premium. This includes concepts like the importance of a bear case and bull case, the relevance of insider selling, the approach taken in financial and technical analysis and our view on quarterly reporting in the US. Listen to Episode 104 here>>> Get out there and make money in the markets today!
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