JSE Direct with Simon Brown

Market Standard 21 September 2020

Sept. 21, 2020

Offshore
/ BoE, Fed and BOJ all left rates unchanged, BoE ‘explores’ negative rates.

/ TikTok deal with Oracle (and Walmart) confirmed.

/ Wechat ban from midnight, 3.3million users in America and China threatens to expand its “unreliable entities list”. But “TRUMP'S PROHIBITION ON WECHAT IN U.S. IS PUT ON HOLD BY JUDGE”

/ OECD ups global 2020 gdp, but drops ours

/ Snowflake IPO price of $120 and it opened $245.

/ Apple has lost 22.6% from its intraday record high of $137.98 on 2 September, losing around $532 billion in market value.

Local
/ MPC no change and next move expected to be up, late 2021.

/ Level 1 and open borders

/ Comair rescue plans approved and will delist from the JSE, will resume flying in December

/ Eskom takes 139 farms from Municipality of Matjhabeng as security against R3.4bn debt.

/ Results; Pan African Resources, Woolies and Discovery.

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