Market Standard 21 September 2020
WorldWide Markets with Simon Brown · JustOneLap.com
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Show Notes
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.