Download 06 February 2017 Local Market This Past Week All Bond vs All

06 February 2017
Local Market
SA Repo
CPI (Inflation)
PPI
FRA (3-6)
R 159
R 186
7.00%
6.80%
7.10%
7.40%
8.66%
8.82%
Brent Crude
Gold
$56.75 p/b
$1 215.20
This Past Week
All Bond vs All Share (re-based to 100)
Rand/USD & Rand/Euro
101
15.0
100
14.5
100
14.0
99
99
13.5
98
13.0
98
27Jan
28Jan
29Jan
30Jan
31Jan
01Feb
02Feb
All Share
12.5
03Feb
27Jan
28Jan
29Jan
30Jan
31Jan
01Feb
02Feb
Rand/US$
All Bond
03Feb
Rand/Euro
Past Five Years
All Bond vs All Share (re-based to 100)
Rand/USD & Rand/Euro
190
180
170
160
150
140
130
120
110
100
90
80
Jan-12
18.0
14.0
10.0
Jan-13
Jan-14
Jan-15
Jan-16
Jan-17
6.0
Jan-12
Jan-13
Jan-14
Jan-15
Jan-16
Rand/US$
Closing Index
Week End
1 week
All Share
52265.16
Financials
40587.42
Industrials
Jan-17
Rand/Euro
3 YR (Ann.)
Ranking
1 week
Ranking
YTD
Ranking 1 YR
Ranking 3 YR
9.25%
8.16%
7
3
7
6
7.33%
13.81%
8
9
9
3
-2.22%
16.76%
7.03%
5
10
4
7
-2.71%
7.76%
48.71%
-9.81%
10
1
1
10
45417.57
-1.58%
3.51%
5.82%
6.90%
9
2
10
8
77833.96
-0.92%
0.94%
24.71%
13.84%
6
7
3
2
SmallCap
63194.03
1.04%
2.67%
30.15%
13.41%
1
4
2
4
Property
640.12
-0.26%
1.31%
15.07%
18.03%
4
6
5
1
ALBI
541.11
0.14%
1.41%
11.93%
8.58%
3
5
6
5
Cash
358.84
0.14%
0.71%
7.58%
6.68%
2
8
8
9
Indices
YTD
1 YR
-1.34%
3.28%
-1.53%
-1.60%
75097.15
-0.84%
Resources
19528.74
Top40
MidCap
International Market
US I-Rate
EUR I-Rate
UK I-Rate
Japan I-Rate
UK CPI
US CPI
EMU CPI
US 10-yr
German 10-yr
0.75%
0.00%
0.25%
-0.10%
1.60%
2.10%
1.80%
2.44%
0.42%
This Past Week
MSCI World vs MSCI EM (rebased to 100)
MSCI World vs Barclays Global Agg Index
101
101
100
100
100
99
99
99
27-Jan
30-Jan
31-Jan
01-Feb
02-Feb
MSCI World
03-Feb
98
27-Jan
30-Jan
31-Jan
01-Feb
02-Feb
MSCI World
MSCI EM
03-Feb
Barclays Global Agg
Past Five Years
MSCI World vs MSCI EM (rebased to 100)
MSCI World vs JP Morgan Global (rebased to 100)
150
150
140
130
120
110
100
90
80
Jan-12
130
110
90
70
50
Jan-12
Jan-13
Jan-14
Jan-15
Jan-16
MSCI EM
Jan-17
Jan-13
Jan-14
MSCI World
Jan-15
Jan-16
MSCI World
Jan-17
JPM Global
Closing Index
Week End
1 week
YTD
1 YR
3 YR (Ann.)
Currency
1 week
YTD
1 YR
3 YR (Ann.)
MSCI World
1805.51
0.12%
3.10%
15.58%
4.14%
Rand/US$
-1.49%
-3.14%
-16.42%
6.08%
S&P500
2297.42
0.12%
2.62%
18.41%
8.83%
Indices
FTSE100
7188.30
0.05%
0.64%
18.15%
3.36%
GBP/US$
0.53%
-1.15%
14.13%
31.68%
DAX
10615.20
-1.29%
1.79%
18.32%
8.36%
EUR/US$
-0.83%
-2.46%
0.42%
25.04%
Nikkei
18918.20
-2.82%
-3.45%
7.99%
8.25%
JPN/US$
-2.17%
3.83%
-7.05%
3.34%
MSCI EM
918.87
0.32%
6.56%
23.78%
-0.63%
Korea
2073.16
-0.50%
2.30%
8.43%
2.22%
WON/US$
-0.50%
2.30%
8.43%
2.22%
Aus
5672.50
-1.61%
-0.81%
12.18%
2.91%
AUS/US$
-1.77%
-6.31%
-7.80%
4.44%
Brazil
64946.69
-1.65%
7.84%
60.74%
10.88%
Real/US$
-0.71%
-4.18%
-22.10%
8.95%
India
28240.52
1.28%
6.19%
13.55%
11.24%
Rup/US$
-1.35%
-1.13%
-1.02%
2.34%
Local View
-neg. sign appreciation of foreign currency relative to US$
-pos. sign depreciation of foreign currency relative to US$
Private sector credit in SA expanded by 5.11% y/y in December 2016, following a 4.60% rise in November while the market expected a growth of 4.70%. Total Vehicle Sales in SA increased to 50 333
in January 2017 from 41 639 in December 2016. This is the first time in over a year that it has exceeded the 50 000 level mark. SA posted a trade surplus of R12.04 billion in December 2016
compared to an upwardly revised R1.68 billion deficit in November 2016. The seasonally adjusted ABSA PMI for SA jumped to 50.9 in January 2017 from 46.7 in the previous month.
International View
The Institute for Supply Management’s Manufacturing PMI in the US rose to 56 in January 2017 from a downwardly revised 54.5 in December and well above market expectations of 55. Non-Farm
Payrolls in the US increased by 227 000 in January 2017, higher than the upwardly revised 157 000 in December and above market expectations of 175 000. Employment increased in retail, trade,
construction and financial activities. The US unemployment rate rose to 4.8% in January 2017 from 4.7% in the previous month and above market expectations of 4.7%. Private businesses in the US
hired 246 000 workers in January 2017 compared to a downwardly revised 151 000 in December 2016. The US Fed kept the target range for its federal funds steady at 0.50% to 0.75% during its
February 2017 meeting. The Bank of England Monetary Policy Committee voted unanimously to hold the Bank Rate at a record low of 0.25% and to leave the stock of purchased assets at £435 billion
on the 2nd of February 2017. In the Euro Area, GDP expanded by 1.8% y/y in Q4 2016. The jobless rate in the Euro Area declined to 9.6% in December 2016 from a downwardly revised 9.7% in
November and below market expectations of 9.8%. The final Markit Eurozone PMI Composite Output Index came in at 54.4 in January 2017, unchanged from the previous month. In Asia, retail sales
in Japan increased by 0.6% y/y in December 2016, following a 1.7% rise in the previous month and missing market expectations of a 1.3% gain. Consumer confidence in Japan edged up to 43.2 in
January 2017 from 43.1 in December 2016, but missing market estimates of 43.7. In China, the official NBS Manufacturing PMI fell slightly to 51.3 in January 2017 from 51.4 in December 2016, while
markets expected 51.2. Australia's trade surplus widened by 72% to AUD 3.51 billion in December 2016 from an upwardly revised AUD 2.04 billion surplus in November and beating market
expectations of AUD 2.20 billion.
Economic releases for the Week: Local releases SA: Foreign Exchange Reserves; Gold & Mining Production US: Balance of Trade, EIA Crude Oil Stocks Change, UK releases: Halifax House
Price Index, (Euro Area), Retail PMI, (Germany), Industrial Production, Balance of Trade, PPI, Consumer Confidence; Asia releases: Caixin Composite (CN), RBA Interest Rate Decision (AU) India
Interest Rate (IN).
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This document is intended for use by intermediaries. The information contained in this document has been recorded and arrived at by Glacier Financial Solutions (Pty) Ltd in good faith and from sources believed to be reliable, but no representation or warranty, expressed or
implied, is made as to its accuracy, completeness or correctness. The information is provided for information purposes only and to assist the financial intermediary to submit an investment proposal to the client and should not be construed as the render ing of investment advice to
clients. Sources: Daily Dispatch, Reuters, Business Day, Nedbank Economic Unit, Bloomberg, MoneyWeb, Trading Economics