Stocks fell Thursday morning, recovering slightly from deep declines amid more losses in Asian and European markets
Stocks fell Thursday morning, recovering slightly from deep declines amid more losses in Asian and European markets, mixed economic data, comments from a Japanese official about the yen and more concerns about the subprime-lending industry.
The Dow Jones Industrial Average fell 66.01 to 12202.62. The S&P 500 lost 8.37 to 1398.35, and the Nasdaq Composite Index was off 25.14 to 2391.01.
Asian-Pacific shares ended mixed Thursday, with China and Japan declining. The Shanghai's stock market was back to its losing ways on Thursday, dropping 2.9%, and the Nikkei 225 finished 0.9% lower in Tokyo. European markets also turned lower, with London's FTSE 100 down 1.5%.
Read more at MoneyWeb.co.za
Thursday, March 1, 2007
SA office rentals 'dirt cheap'
Spare a thought for tenants in London's West End - the world's most expensive office location - who now have to cough up the equivalent of more than R1 200/m² a month for a prime business address.
That compares with a rather modest R117/m² in Sandton, South Africa's most expensive office location.
Read more at FIN24.co.za
That compares with a rather modest R117/m² in Sandton, South Africa's most expensive office location.
Read more at FIN24.co.za
Rand continues downward spiral
The rand extended losses against the dollar on Thursday, hitting a seven-week low on renewed emerging market nervousness and falling stock markets.
Read more at FIN24.co.za
Read more at FIN24.co.za
House price growth to slow
Residential house price growth, which hit more than 30% year-on-year in 2004, should continue moderating as higher interest rates dampen consumer demand, a survey showed on Thursday.
The Standard Bank monthly property gauge indicated house price growth rose to 8.4% year-on-year in February from 6.9% in January.
But the rise was largely attributed to the low base of the same month last year, with no month-on-month growth in prices, after price growth slowed steadily in 2005 and 2006.
The median house price remained at R570 000, the survey showed.
Read more at FIN24.co.za
The Standard Bank monthly property gauge indicated house price growth rose to 8.4% year-on-year in February from 6.9% in January.
But the rise was largely attributed to the low base of the same month last year, with no month-on-month growth in prices, after price growth slowed steadily in 2005 and 2006.
The median house price remained at R570 000, the survey showed.
Read more at FIN24.co.za
Wednesday, February 28, 2007
When Insiders Buy, Should Investors Join Them?
Tips for beating the market tend to come and go quickly, but one has held up extremely well: if executives, directors or others with inside knowledge of a public company are buying or selling shares, investors should consider doing the same thing.
Indeed, much research shows that insider trading activity is a valuable barometer of broad shifts in market and sector sentiment. But, before chasing each insider move, outsiders need to consider the factors that dictate the timing of trades and the factors that conceal the motivations.
Read the full article at investopedia.com
Indeed, much research shows that insider trading activity is a valuable barometer of broad shifts in market and sector sentiment. But, before chasing each insider move, outsiders need to consider the factors that dictate the timing of trades and the factors that conceal the motivations.
Read the full article at investopedia.com
Oil, maize price risks to S.Africa inflation - survey
South Africa's inflation prospects have improved this year, but higher international oil and maize prices could cloud the outlook, the Bureau of Economic Research (BER) said on Wednesday.
In its quarterly economic survey, the BER said inflation was unlikely to breach the upper end of the central bank's 3-6 percent target range and forecast an average CPIX increase of 5.4 percent this year, up from 4.6 percent in 2006.
International oil prices have pushed higher over the past few weeks to more than $60 a barrel after briefly dipping below $50 a barrel, raising the prospect of higher domestic fuel prices adding to inflationary pressures.
Maize prices have surged to four-year highs and are up by 30 percent since the beginning of the year, the BER said in a statement.
Read more at Reuters South Africa
In its quarterly economic survey, the BER said inflation was unlikely to breach the upper end of the central bank's 3-6 percent target range and forecast an average CPIX increase of 5.4 percent this year, up from 4.6 percent in 2006.
International oil prices have pushed higher over the past few weeks to more than $60 a barrel after briefly dipping below $50 a barrel, raising the prospect of higher domestic fuel prices adding to inflationary pressures.
Maize prices have surged to four-year highs and are up by 30 percent since the beginning of the year, the BER said in a statement.
Read more at Reuters South Africa
S.African stocks slide anew on tax, global jitters
South African stocks slid on Wednesday amid a global sell-off as worries about a possible windfall tax on miners hit resource stocks and Naspers tumbled on news it will sell new shares to raise cash.
The Johannesburg Top-40 index of blue-chip stocks dropped 1.11 percent to 23,176 points after tumbling more than 3 percent the previous day, halting a rally that took the index to a string of record highs.
The All-share index tripped 1.08 percent lower to 25,795.99 points.
Read more at Reuters South Africa
The Johannesburg Top-40 index of blue-chip stocks dropped 1.11 percent to 23,176 points after tumbling more than 3 percent the previous day, halting a rally that took the index to a string of record highs.
The All-share index tripped 1.08 percent lower to 25,795.99 points.
Read more at Reuters South Africa
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