Ster-Kinekor's journey to recover from the financial fallout of the Covid 19 pandemic has been slightly delayed as recovery expert Steyn Smyth has requested an extension to the deadline for the publication of the recovery plan until 21 January 2022. Read more.
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Brent Crude Oil and WTI were both trading steady on Wednesday after a release of oil reserves did not cause a dip in price as expected. Instead, Oil actually gained on Tuesday with a sharp bounce. At the time of writing (12:00 pm) Brent Crude was trading at levels around $81 and WTI was trading at around $78. Read more.
A couple of weeks ago, Investec "warned" shareholders that interim results for the six months to September 2021 would be much better than those for the troubled first half of the last financial year. Read more.
The financial markets are shaping up to a return of higher interest rates. With the US CPI year on year (YoY) print coming in at 6.2%, the highest inflation print in the last 3 decades, 31 years to be exact. Read more.
The price of crude oil plunged on the first trading session of the week as China released gasoline and diesel reserves, easing concerns over a tight supply, while investors cashed in ahead of the November 4 meeting of major crude producers that could raise production targets. Read more.
Johannesburg-listed stocks fell, ending the day with their biggest monthly drop since the concerns about Chinese growth and a crackdown on tech companies, as well as signals from the U.S. to scale back stimulus measures, weighed on sentiment. Read more.