STANLIB Weekly Focus

Weekly Focus

STANLIB keeps you in touch with the latest investment news:

  • Market, economic and investment commentary.
  • Unit trust performance updated every week.

Weekly Focus (11/02/2019)
Weekly Performance Update (16/05/2019)

Economic Weekly

  • SA’s turnaround score has fallen back below 50%, due to increased electricity constraints, downward revision to GDP growth, lower business confidence and a lack of progress with policy initiatives since National Budget and SONA.
  • Moody's provided an economic and credit rating opinion on SA, but no rating action. Overall, the review was fairly positive given the circumstances, with the credit rating affirmed at Baa3 with a stable outlook.
  • The ABSA PMI dipped for a third consecutive month to 45 index points in March 2019 from 46.2 in February 2019, suggesting that the manufacturing sector is struggling to gain any meaningful traction.
  • STANLIB’s leading and coincident indicators for the US economy, updated for April 2019, suggest US economic activity has lost momentum across a broad range of indicators. Data is still not signalling a recession, but rather a significant slowdown.
  • US employment rebounded in March 2019 with a gain of 196 000 jobs. Unemployment rate remained unchanged at 3.8%, while wage growth eased to 3.2%y/y. Solid labour market report.
  • Please follow our regular economic updates on twitter @lingskevin