Morning note

The Top40 closing up 0.3% doesn’t tell the whole story.  A very volatile day saw Shoprite gain 7% on a very strong operational update, while Sasol fell 1.2% as the market felt they were overpaying for an ethane cracker project in the United States.  The US Fed meet for the next 2 day, we expect an end to the quantitative easing, but we also expect dovish comments on rates remaining low for long.

Posted in Morning note

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