Market Standard 07 September 2020

Offshore / US unemployment 8.4% (Temporary Census work (+238,000 jobs) accounted for around one-sixth of the August gain of 1.4 million jobs) / Thursday sell-off with Friday red, but less bad. Monday closed for labour day. / India bans another 188 Chinese apps / Carnival Corporation's Costa Cruises to Restart Cruise Operations This Weekend out of Italy. / Tesla does not go into the S&P500. Instead Etsy, Teradyne and Catalent added. IN order to get into the S&P500 "Companies must be U.S. based, and listed on either the NYSE, the Nasdaq or the Cboe. They also must have a market cap of more than $8.2 billion, and report four straight quarters of profit as determined by U.S. generally accepted accounting principles (GAAP)." Local / Prosus has now gone into the Euro Stoxx 50 and EUR2bn passive inflows should support the share price. / Local GDP on Tuesday / Results; Truworths, Northam & Implats, Libstar and ADvTech / Spur execs leaving (four going by year-end including CEO & COO). / Icasa delays spectrum auction to March 2021