JSE Direct with Simon Brown

MarketStandard for 25 May 2020

May 25, 2020

Offshore

/ Hertz bankruptcy

/ US initial jobless claims now over 38million (160m labour force), UK ver 10million (35million labour force)

/ This on the back of German Q1 GDP released this morning coming in at -2.2%

/ Moderna vaccine excitement, and then they raise capital on share price spike

/ Commodities having another good week.

/ Apple mobility data shows Europeana and US economy opening.

Local

/ 0.5% rate cut

/ Stor-age raises R250m in bookbuild.

/ Grand Parade Burger King sale being repriced?

/ Liberty 2 Degrees update, nice insights.

/ Nedbank update also offering solid insights.

/ Richemont raises Euro2billion debt as they strengthen their balance sheet

/ Online sales surging

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