Market Standard 08 March 2021
WorldWide Markets with Simon Brown · JustOneLap.com
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Show Notes
Offshore
/ NFP added 379k jobs (large beat) and US unemployment 6.2% (at this pace it'll take until April 2023 to get back to where we were in February 2020)
/ $1.9trillion stimulus bill approved by Senate
/ China sets 6% 2021 GDP target
/ Germany charges Steinhoff execs
/ UK taxes going up to highest in 50 years
/ Nasdaq is red year-to-date
Local
/ One year of Covid, ZAR 40c weaker, Top40 +20% (both from Jan20 levels)
/ Harmony out of Top40 and Resi10, replaced by Glencore
/ Rhodes Food update "..sales started recovering in January and February 2021…" after TigerBrands said January was poor?
/ Firstrand results
/ Spur results
/ Treasury expected to be another R30billion ahead on tax collections