JSE Direct with Simon Brown

Market Standard 11 May 2020 (#005)

May 11, 2020

Global
/ Worst US unemployment since the depression, but lagging indicator. Likely 25% by end May
/ Last weeks PMI, local and global mostly setting records for worst ever
/ Nasdaq is up year-to-date
/ IMF warning that their 2020 GDP forecasts may be too low?

Local
/ Comair business rescue
/ Phumelela Gaming business rescue
/ Our bonds are strong, 10 year at 9.3%, shorter dated below 8%
/ Anheuser-Busch InBev QoQ volumes down 9.3%
/ Property stocks and risk of losing REIT status

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