Events that moved the market Q1 2021
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7 Jan 2021Source: BloombergAlibaba and TenCent stumbleAlibaba Group and Tencent lead a tech stock selloff as the Trump administration considers barring investments in China’s two most valuable companies.
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7 Jan 2021Source: BloombergBiden recognised as new presidentJoe Biden is recognised by Congress as the next US president amid violence at the US Capitol as lawmakers meet to confirm the election result.
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7 Jan 2021Source: BloombergSA manufacturing down 3.5%South Africa’s manufacturing output falls 3.5% year-on-year.
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14 Jan 2021Source: Wall Street JournalBiden proposes $1.9trn stimulusUS President-elect Biden introduces details of his stimulus programmes. The first programme entails additional expenditures of US$1.9 trillion that would be entirely debt-financed.
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14 Jan 2021Source: Wall Street JournalChina imports 48% more from USChinese imports from the US are up 48% in December versus a year earlier.
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15 Jan 2021Source: Deloitte InsightsUS retail sales disappointIn December, for the third consecutive month, retail sales decline from the previous month.
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7 Jan 2021BloombergAlibaba and TenCent stumbleAlibaba Group and Tencent lead a tech stock selloff as the Trump administration considers barring investments in China’s two most valuable companies.
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18 Jan 2021Source: Nikkei AsiaChina grows 2.3% in 2020China’s full-year growth came in at 2.3% year-on-year in real terms excluding price fluctuations. It is the lowest in the 44 years since the Cultural Revolution and lower than the 6% achieved in 2019.
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7 Jan 2021BloombergBiden recognised as new presidentJoe Biden is recognised by Congress as the next US president amid violence at the US Capitol as lawmakers meet to confirm the election result.
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12 Jan 2021ReutersSA manufacturing down 3.5%South Africa’s manufacturing output falls 3.5% year-on-year.
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14 Jan 2021Wall Street JournalBiden proposes $1.9trn stimulusUS President-elect Biden introduces details of his stimulus programmes. The first programme entails additional expenditures of US$1.9 trillion that would be entirely debt-financed.
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14 Jan 2021Wall Street JournalChina imports 48% more from USChinese imports from the US are up 48% in December versus a year earlier.
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15 Jan 2021Deloitte InsightsUS retail sales disappointIn December, for the third consecutive month, retail sales decline from the previous month.
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18 Jan 2021Nikkei AsiaChina grows 2.3% in 2020China’s full-year growth came in at 2.3% year-on-year in real terms excluding price fluctuations. It is the lowest in the 44 years since the Cultural Revolution and lower than the 6% achieved in 2019.
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19 Jan 2021BloombergSA yield curve steepensThe spread between 20-year and two-year debt rises amid renewed electricity blackouts, a second wave of Covid-19 and a slow path to recovery.
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20 Jan 2021BloombergUS yield curve steepensThe gap between 5- and 30-year bonds reaches a daily high of 140 basis points after Yellen’s comment on funding debt by issuing long-term debt, including 50-year Treasuries.
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19 Jan 2021Source: BloombergSA yield curve steepensThe spread between 20-year and two-year debt rises amid renewed electricity blackouts, a second wave of Covid-19 and a slow path to recovery.
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20 Jan 2021Source: BloombergUS yield curve steepensThe gap between 5- and 30-year bonds reaches a daily high of 140 basis points after Yellen’s comment on funding debt by issuing long-term debt, including 50-year Treasuries.
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21 Jan 2021Source: BloombergUS rejoins Paris agreementPresident Joe Biden moves to rejoin the Paris accord and imposes a moratorium on oil leasing in the Arctic National Wildlife Refuge.
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21 Jan 2021Source: BloombergFresh highs for global stocksAsian shares rise for a third session as the Hang Seng hits 30 000 points. S&P 500 futures edge higher as the index posts its best first-day reaction to a presidential inauguration since at least 1937.
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21 Jan 2021Source: ReutersSA retail sales down 4%South African retail sales fall 4% year-on-year.
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22 Jan 2021Source: IHS MarkitPMI signals weak services sectorThe latest PMIs show that, in both Europe and the US, manufacturing activity continues to grow at a healthy pace. But in Europe the services sector is slow to recover.
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22 Jan 2021Source: Trading EconomicsJapan deflation at 1%Japanese core prices are down 1.0% versus a year earlier, the worst performance since 2009, despite the hugely aggressive monetary policy of the Bank of Japan.
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25 Jan 2021Source: OobaMore home buyers in SAOoba’s Q4 2020 home loans application report shows a 36% rise in applications relative to Q4 of 2019.
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26 Jan 2021Source: BloombergAfrican Bank reports lossAfrican Bank reports a R560 million loss, compared with the previous year’s profit of R267 million.
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2 Feb 2021Source: BloombergSilver at 8-year highSilver futures rise to $30.35 an ounce on the Comex, the highest since February 2013. Like GameStop, silver’s initial advance can be traced to Reddit’s WallStreetBets forum.
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2 Feb 2021Source: ReutersFord to invest $1bn in SAFord Motor Co will invest $1.05 billion in its South African manufacturing operations, including upgrades to expand production of its Ranger pickup truck.
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3 Feb 2021Source: BloombergAlphabet ad sales soarAlphabet’s quarterly ad sales rise due to heavy digital advertising over the holiday season. Performance was driven by Search and YouTube, of which ad revenue jumped 46%.
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3 Feb 2021Source: ReutersSA PMI upIHS Markit’s Purchasing Managers’ Index (PMI) rise to 50.8, above the 50 level that denotes expansion.
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Source: Bloomberg15 Feb 2021Asian stocks hit new recordSouth Korean and Japanese shares lead Asia higher, with the Nikkei 225 hitting 30,000 for the first time since 1990.
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15 Feb 2021Source: BloombergCopper and platinum at highsPlatinum rises to its highest level in more than six years and copper to its highest since 2012.
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17 Feb 2021Source: BloombergFacebook cuts Australia newsFacebook blocks several news pages in Australia in retaliation to a planned law to force Facebook and Google to pay Australian publishers for news content.
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22 Feb 2021Source: BloombergCopper surges past $9000Copper rallies above $9 000 a ton on expected higher demand when the global economy recovers. Nickel passes $20 000 a ton.
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23 Feb 2021Source: Statistics SASA unemployment at record 32.5%SA’s unemployment rate reaches a record high, standing at 32.5%, meaning 7.2 million people are unemployed.
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2 Mar 2021Source: RefinitivSA equities hit new highThe FTSE/JSE All Share Index bursts through 68 000 for the first time.
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9 Mar 2021Source: Statistics SASA GDP shrinks 7%SA GDP shrinks 7% in 2020, compared with a 0.2% expansion in 2019. This is the biggest decline since 1920.
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24 Mar 2021Source: BloombergTesla to accept bitcoin paymentAfter disclosing its $1.5 billion investment in bitcoin in February, Tesla signals its intent to begin accepting bitcoin as a form of payment.
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24 Mar 2021Source: Statistics SASA CPI at 2.9%South Africa’s headline consumer price inflation slows to 2.9% year-on-year in February from 3.2% in January.
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25 Mar 2021Source: BloombergTech stocks face delistingTech giants, such as Tencent to Alibaba, slump after the SEC announces it’s taking steps to review the financial audits of overseas companies. Non-compliance would lead to delisting from US bourses.
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29 Mar 2021Source: BBCEver Given free againAfter nearly a week of blocking the Suez Canal, which normally carries about 12% of global trade and one million barrels of oil a day, the giant container ship Ever Given is finally freed.
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21 Jan 2021BloombergUS rejoins Paris agreementPresident Joe Biden moves to rejoin the Paris accord and imposes a moratorium on oil leasing in the Arctic National Wildlife Refuge.
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21 Jan 2021BloombergFresh highs for global stocksAsian shares rise for a third session as the Hang Seng hits 30 000 points. S&P 500 futures edge higher as the index posts its best first-day reaction to a presidential inauguration since at least 1937.
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21 Jan 2021ReutersSA retail sales down 4%South African retail sales fall 4% year-on-year.
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22 Jan 2021IHS MarkitPMI signals weak services sectorThe latest PMIs show that, in both Europe and the US, manufacturing activity continues to grow at a healthy pace. But in Europe the services sector is slow to recover.
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22 Jan 2021Trading EconomicsJapan deflation at 1%Japanese core prices are down 1.0% versus a year earlier, the worst performance since 2009, despite the hugely aggressive monetary policy of the Bank of Japan.
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25 Jan 2021OobaMore home buyers in SAOoba’s Q4 2020 home loans application report shows a 36% rise in applications relative to Q4 of 2019.
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26 Jan 2021BloombergAfrican Bank reports lossAfrican Bank reports a R560 million loss, compared with the previous year’s profit of R267 million.
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2 Feb 2021BloombergSilver at 8-year highSilver futures rise to $30.35 an ounce on the Comex, the highest since February 2013. Like GameStop, silver’s initial advance can be traced to Reddit’s WallStreetBets forum.
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2 Feb 2021ReutersFord to invest $1bn in SAFord Motor Co will invest $1.05 billion in its South African manufacturing operations, including upgrades to expand production of its Ranger pickup truck.
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3 Feb 2021BloombergAlphabet ad sales soarAlphabet’s quarterly ad sales rise due to heavy digital advertising over the holiday season. Performance was driven by Search and YouTube, of which ad revenue jumped 46%.
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3 Feb 2021ReutersSA PMI upIHS Markit’s Purchasing Managers’ Index (PMI) rise to 50.8, above the 50 level that denotes expansion.
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15 Feb 2021BloombergAsian stocks hit new recordSouth Korean and Japanese shares lead Asia higher, with the Nikkei 225 hitting 30,000 for the first time since 1990.
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15 Feb 2021BloombergCopper and platinum at highsPlatinum rises to its highest level in more than six years and copper to its highest since 2012.
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17 Feb 2021BloombergFacebook cuts Australia newsFacebook blocks several news pages in Australia in retaliation to a planned law to force Facebook and Google to pay Australian publishers for news content.
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22 Feb 2021BloombergCopper surges past $9000Copper rallies above $9 000 a ton on expected higher demand when the global economy recovers. Nickel passes $20 000 a ton.
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23 Feb 2021Statistics SASA unemployment at record 32.5%SA’s unemployment rate reaches a record high, standing at 32.5%, meaning 7.2 million people are unemployed.
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2 Mar 2021RefinitivSA equities hit new highThe FTSE/JSE All Share Index bursts through 68 000 for the first time.
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9 Mar 2021Statistics SASA GDP shrinks 7%SA GDP shrinks 7% in 2020, compared with a 0.2% expansion in 2019. This is the biggest decline since 1920.
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24 Mar 2021BloombergTesla to accept bitcoin paymentAfter disclosing its $1.5 billion investment in bitcoin in February, Tesla signals its intent to begin accepting bitcoin as a form of payment.
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24 Mar 2021Statistics SASA CPI at 2.9%South Africa’s headline consumer price inflation slows to 2.9% year-on-year in February from 3.2% in January.
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25 Mar 2021BloombergTech stocks face delistingTech giants, such as Tencent to Alibaba, slump after the SEC announces it’s taking steps to review the financial audits of overseas companies. Non-compliance would lead to delisting from US bourses.
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29 Mar 2021BBCEver Given free againAfter nearly a week of blocking the Suez Canal, which normally carries about 12% of global trade and one million barrels of oil a day, the giant container ship Ever Given is finally freed.
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