EPISODE · Aug 24, 2020 · 1H 1M
Market Standard 24 August 2020
from WorldWide Markets with Simon Brown · host www.JustOneLap.com
Offshore / New highs for the S&P500 (and Nasdaq) / Between the market high on Feb. 19 and new high on Aug. 18, 38% of stocks in the index made gains while the remaining 62% posted losses / Apple hits US$2trillion and gets into a fight with Fortnight / Ryanair cuts September, October capacity by 20% on weak bookings / Japan's economy shrank by nearly 28% in the second quarter & consumer spending declined 8.2% in the period / Gold struggling to hold onto $2,000 Local / Standard Bank kicks off banking earning season / Afrimat buys Coza iron ore for R300m / Tigerbrands sells value-added meat products business 7 HEPS 35%-40% lower. / Curro results & ADvTech update / PSG unbundles Capitec at close on Tuesday. 14 for every 100 PSG shares. / Goldfields HEPS up 4x as Nick Holland quits as CEO.
What this episode covers
Offshore / New highs for the S&P500 (and Nasdaq) / Between the market high on Feb. 19 and new high on Aug. 18, 38% of stocks in the index made gains while the remaining 62% posted losses / Apple hits US$2trillion and gets into a fight with Fortnight / Ryanair cuts September, October capacity by 20% on weak bookings / Japan's economy shrank by nearly 28% in the second quarter & consumer spending declined 8.2% in the period / Gold struggling to hold onto $2,000 Local / Standard Bank kicks off banking earning season / Afrimat buys Coza iron ore for R300m / Tigerbrands sells value-added meat products business 7 HEPS 35%-40% lower. / Curro results & ADvTech update / PSG unbundles Capitec at close on Tuesday. 14 for every 100 PSG shares. / Goldfields HEPS up 4x as Nick Holland quits as CEO.
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Market Standard 24 August 2020
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