JSE Direct with Simon Brown

Market Standard 07 September 2020

Sept. 7, 2020

Offshore
/ US unemployment 8.4% (Temporary Census work (+238,000 jobs) accounted for around one-sixth of the August gain of 1.4 million jobs)

/ Thursday sell-off with Friday red, but less bad. Monday closed for labour day.

/ India bans another 188 Chinese apps

/ Carnival Corporation's Costa Cruises to Restart Cruise Operations This Weekend out of Italy.

/ Tesla does not go into the S&P500. Instead Etsy, Teradyne and Catalent added. IN order to get into the S&P500 “Companies must be U.S. based, and listed on either the NYSE, the Nasdaq or the Cboe. They also must have a market cap of more than $8.2 billion, and report four straight quarters of profit as determined by U.S. generally accepted accounting principles (GAAP).”

Local
/ Prosus has now gone into the Euro Stoxx 50 and EUR2bn passive inflows should support the share price.

/ Local GDP on Tuesday

/ Results; Truworths, Northam & Implats, Libstar and ADvTech

/ Spur execs leaving (four going by year-end including CEO & COO).

/ Icasa delays spectrum auction to March 2021

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