Market Standard 07 September 2020
WorldWide Markets with Simon Brown · JustOneLap.com
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Show Notes
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