? 30 Second Market Brief (11 Dec 2023)

Stay informed without the time commitment.

Here's this week's 30-Second Summary.

Let's dive in.

International Update

• US Job Boom: U.S. jobless rate down to 3.7%.
• Global Services Surge: U.S, UK, Euro and China PMI's rise.
• China's Credit Concerns: Moody's downgrades China's credit outlook.
• Positive Indices: The following indices were positive as a result of strong economic data and improving sentiment: S&P 500 (+0.21%), Nasdaq Composite (+0.69%), Dow Jones (+0.01%), Stoxx Europe 50 Index (+2.37%), FTSE 100 (+0.33%).
• Negative Indices: The following indices were negative as a result of concerns over China's economic prospects and credit rating, along with broader economic challenges: Shanghai Composite Index (-2.05%), Hang Seng Index (-3.17%), Nikkei 225 (-3.36%).

• SA GDP Dips: SA GDP -0.2% in Q3 due to power, Transnet & rates.
• NHI Passes: NHI Bill passes NCOP, awaits Rama's approval.
• JSE Down: JSE -2.53%, resources -9.52%.
• Rand Weakens: Rand at R18.96/$ (-1.72%).

And that's it. You're all caught up for the week.

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See you next week.

Sean ??

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