| Good morning Voornaam, A brand new episode of The Trader's Handbook is here! And this time, we spoke all about forex - probably the most abused asset class of all in terms of unscrupulous individuals trying to entice people to trade. Behind all the nonsense out there, the reality is that forex is a popular asset class for traders and with good reason. Shaun Murison of IG Markets South Africa joined me to unpack the opportunities and risks of trading forex, bringing you a properly experienced view. Unsurprisingly, there's more to it than signing up for forex signals based on a QR code you once saw on the side of a Mercedes AMG. Get the facts and the strategies here>>>
And while we are at it in terms of great insights, Investec has written on why India is the focus of their new structured product. There's a lot to like about that market, as highlighted in this piece>>>
As we head towards the weekend, it seems appropriate to be focusing on fun things like burgers and beers. There isn't much to celebrate at Famous Brands though, with the group firmly on the defensive at the moment. The outperformance by Spur relative to Famous Brands has been quite something to watch recently and I expect it to continue. And in the beverages world, AB InBev has done a deal that shows us exactly why you need to pay attention to geopolitics.
Earnings came in from EOH and I still scratch my head about the investment case there. Perhaps time will prove me wrong. We also saw the important news of Grindrod managing to get rid of its problematic KZN property exposure, along with Harmony waving goodbye to a legacy contract that was hurting the business. Nampak is selling Nampak Zimbabwe and Zeder has received the proceeds of another farm sale, so a special dividend can't be far away.
You can get all these updates and a variety of Nibbles in Ghost Bites here>>>
Halloween draws closer, but your portfolio doesn't have to be as scary as your movie choice for that evening. Fedgroup doesn't want the markets to haunt you and that's an approach that I have a lot of respect for, with portfolios built around achieving stable returns across various asset classes. To talk about how to generate solid returns with lower risk, Paul Counihan of Fedgroup joined me for a great podcast. As always, the full transcript is also available. Get it here>>>
Have a great day! |
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| THE TRADER'S HANDBOOK: Insights and strategies for currency markets |
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| | | In this episode of The Trader's Handbook, Shaun Murison from IG Markets South Africa joined me once more to explore the fascinating and often misunderstood world of forex trading.
We broke down the complexities of currency pairs, leverage, and volatility while dispelling common misconceptions about the risks involved.
The podcast and detailed transcript are available here>>> |
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| INVESTEC: India a gateway to outsized emerging market opportunities |
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| As the global economy shifts from a high inflation and high interest rate environment into the next interest rate cutting cycle, global investors are casting their net wider in their search for returns. India is an attractive opportunity. Investec explains why in this article>>> |
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| FEDGROUP: Don't let the markets haunt you |
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| | | In the month of Halloween, it's great to learn about how Fedgroup achieves solid returns with reduced levels of risk, making the whole experience far less frightening.
This is a topic close to my heart of course, with important topics like diversification and the use of alternative assets.
The podcast and detailed transcript are available here>>> |
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| SATRIX: Does factor investing work? |
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| Satrix: Factor investing takes ETFs to the next level. Instead of tracking a stock index (like the JSE Top 40), these ETFs have a set of rules based on investment fundamentals like valuation multiples or even levels of debt. The sky is the limit with the creativity that goes into these factors, but do they actually work?
To unpack these types of ETFs and the thinking behind them, Nico Katzke of Satrix joined me for an insightful discussion. Find it here>>> |
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| Ghost Bites - local company news: |
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| Ghost Bites: The latest on AB InBEV, EOH, Famous Brands, Grindrod, Harmony, Nampak and Zeder and numerous Nibbles in Ghost Bites here>>> |
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| Investec podcast: responsible investing |
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| | | Investec Wealth & Investment International has launched a comprehensive guidebook on responsible investing. In the latest episode of the No Ordinary Wednesday, Jeremy Maggs speaks to the authors, Boipelo Rabothata and Maxine Gray. Enjoy it here>>> |
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| International Business Snippet: |
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| Coca-Cola beat expectations on both earnings and revenue, with higher prices offsetting some demand pressure that saw case volumes fall 1%. Organic revenue (which excludes acquisitions) increased by 9% for the quarter. Consumers are price sensitive, but I also wouldn't discount growing awareness around the health considerations of carbonated beverages. Coca-Cola owns a number of different brands of course, but the good ol' bubbly black stuff is still the most important one.
Problems in the automotive sector continue, with Hyundai Motor Co reporting a 7% fall in operating profit. Hybrid EV sales were up 40% year-on-year which isn't a surprise, as all indications are that hybrid technology will be the winner. I'll say it for the millionth time: the Chinese onslaught is here and nobody in the industry is safe.
And just when you thought things couldn't get worse at Boeing, striking workers have rejected a new contract and have therefore extended their strike. This is a mess not just for Boeing, but for all of its suppliers as well.
Our latest research in Magic Markets Premium is on Stellantis. This is a great example of a stock that we were correctly bearish on, with the automotive group suffering immense competition and the outcome of its own bad decisions. Are things improving yet? You'll find out in the latest report for our subscribers this week. |
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| Magic Markets: GNU follow-through - are businesses changing? |
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| | | Magic Markets: GNU-phoria in South Africa is now a few months old. Loadshedding is becoming a distant memory. Sentiment has clearly turned positive, but is this making a difference in day-to-day business decisions around capital allocation decisions? Dino Zuccollo and Jonti Osher of Westbrooke joined us for this important discussion. Find it here>>> |
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| IG Markets Morning Call: daily macroeconomic update |
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| The US dollar and 10 year Treasury Yields have remained elevated, while US equity benchmarks came under moderate pressure overnight. US equity markets were weighed down by the tech sector and angst over the nearing US elections, as well as the suggested outlook for monetary policy in the world’s largest economy.
European and Asian markets traded lower yesterday and this morning, taking their lead from the US. The JSE All-Share Index is expected to open slightly lower and the rand is trading weaker in risk off trade.
Metal prices were mostly weaker overnight, but are attempting a modest rebound in early trade today.
Oil prices are firmer after Israeli attacks on Beirut affirmed escalating tensions in the Middle East.
Today will see a slew of manufacturing and services PMI data out of Europe and the US.
Key Indicators: USD/ZAR R17.69/$ | US 10yr 4.22% | Gold $2,728/oz | Platinum $1,021/oz | Brent Crude $75.50
The macroeconomic update is based on the morning call update by IG Markets |
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