Not a member? Register | Lost your password?

Weekly Market Focus 30 July 2018

Markets

WEEKLY FOCUS 30 July 2018

 

 

So far, 265 companies in the S&P500 have reported earnings and the year on year growth. These have been roughly in line with the price performance for cyclical sectors with some exceptions like the Industrials segment. Price performance of defensive sectors like Utilities and Telecom trailed despite positive earnings growth because of sequential improvement in GDP growth for the period.

 

In the second quarter however, Real Estate and Utilities shares have rebounded with the former being the best performing sector (excl. Energy), an indication of a phase transition in markets. The Real GDP growth of 2.84% YOY for the US last week further confirmed a possible mini-cycle peak due to higher base effects going forward and this is supported by slowing manufacturing PMIs. Furthermore corporations like Facebook and Amazon, which beat earnings expectations indicated slowing revenue growth, a further positive for defensive sector stocks.

 

As the US economy slows the FED will be focused on inflation, a lagging indicator, which is a sign that their proverbial rear view mirror is alive and well.

 

 

Value

Week

YTD

Equity Indices

 

 

 

S&P500

2,819

0.61%

5.43%

S. Africa

3,506

0.28%

-7.52%

FTSE100

7,701

0.29%

0.18%

DAX

12,860

2.38%

-0.44%

CAC40

5,512

2.10%

3.75%

Swiss Mkt.

9,173

2.02%

-2.17%

FTSE MIB

21,955

0.74%

0.47%

Shanghai Comp

2,874

1.57%

-13.11%

BSE Sensex

37,337

2.30%

9.63%

Nikkei

22,713

0.07%

-0.23%

Major currencies

USDZAR

13.18

-1.68%

6.52%

EURUSD

 1.17

-0.53%

-2.83%

GBPUSD

1.31

-0.23%

-3.04%

USDCHF

0.99

0.19%

2.06%

EURCHF

1.16

-0.34%

-0.82%

USDJPY

111.05

-0.32%

-1.46%

EURGBP

0.89

-0.36%

0.15%

USDAUD

1.35

0.30%

5.41%

Dollar Index

94.46

0.24%

2.86%

 Commodities 

Brent

74.29

1.67%

11.10%

WTI Oil

68.69

-2.51%

13.69%

Copper

2.80

1.82%

-14.76%

Aluminum

 2,061.00

1.11%

-9.43%

Platinum

832.30

0.41%

-10.95%

Sugar

10.88

-2.16%

-28.23%

Corn

362.00

1.90%

3.21%

Coffee

110.45

-0.18%

-12.48%

Gold

1,222.20

-0.59%

-6.65%

Cotton

88.31

1.38%

12.54%

 Sovereign Yields

 

 

 

US10Y

2.96

0.06

0.55

UK10Y

1.28

0.05

0.09

Germany10Y

0.41

0.03

(0.02)

 

 

 

 

Contact us: DBN +27 ( 0 ) 31 566 3365 | CPT +27 ( 0 ) 21 851 0920 | JHB +27 ( 0 ) 11 017 7230 | Email:enquiries@pegasuswm.com
Disclaimer: The research report has been prepared for information purposes and does not constitute an offer. While reasonable care has been taken to ensure that its contents are not untrue or misleading, no representation is made as to its accuracy or completeness and the company accepts no liability whatsoever for any direct or consequential loss, including without limitation any loss of profits, arising from reliance on this report.
 

 



Twitter
Facebook
Connect with us