News & Publications

Africa Market and Lombard Fund News




Market Buzz- 6th December 2017

06 Dec 2017

US stocks pointed lower as industrial share dragged down the S&P while traders weighed the latest developments in the US tax overhaul.

Industrial metals tumbled, with copper suffering the biggest decline in 3 years with the prospect of slower Chinese demand

 

Read more

2017

Market Buzz- 4th December

04 Dec 2017

Asian stock markets were mostly higher on Monday, with U.S. politics in focus. Investors are digesting the U.S. Senate's passage of the tax bill and implications of the guilty plea by President Donald Trump's former U.S. national security adviser. Japan's Nikkei 225 dipped 0.2% to 22,774.38 while South Korea's Kospi added 0.3 % to 2,484.30. Hong Kong's Hang Seng index rose 0.5 % to 29,230.85 and the Shanghai Composite Index was flat at 3,318.40

Read more

2017

Market Buzz- 1st December 2017

01 Dec 2017

Asian stock markets were marginally higher Friday, after an overnight recovery of technology stocks on Wall Street. An agreement among key crude exporting countries to extend oil production cuts also boosted sentiment. Japan's Nikkei 225 was flat at 22,724.11 while South Korea's Kospi rose 0.2% to 2,480.42. Hong Kong's Hang Seng index slipped 0.1% to 29,158.26 and China's Shanghai Composite Index lost less than 0.1 % to 3,316.50. Australia's S&P/ASX 200 gained 0.2 % to 5,981.20.

Read more

2017

Market Buzz- 29 November 2017

29 Nov 2017

Bitcoin broke the $10,000.00 level for the first time last night and is currently trading at $10,891.00. That is up from just under $1,000.00 in January this year or about1100% higher. How high can it go?

Read more

2017

Monthly Report Oct 2017

29 Nov 2017

After a fantastic start to the month, volatility took hold and the fund went through some rocky waters.  However, as is the nature of African investments, we continue to believe that synchronised global growth led by the US, will continue to drive commodities and the Africa growth story. 

Read more

2017

Market Buzz - 22nd November 2017

22 Nov 2017

Asian stocks rose Wednesday after Wall Street hit new highs ahead of the two-day U.S. break for the Thanksgiving holiday. The Shanghai Composite Index rose 0.5% to 3,427.66 and Tokyo's Nikkei 225 gained 0.7% to 22,579.18. Hong Kong's Hang Seng advanced 0.9% to 30,087.73 and Sydney's S&P-ASX 200 added 0.6% to 5,996.90.

Read more

2017

Market Buzz- 21st November 2017

21 Nov 2017

Stocks in Asia recovered some of their recent losses as traders put on hold concerns about U.S. tax reforms and European political issues in a holiday-shortened week in America. Treasuries were little changed after slipping on Monday.

Read more

2017

Market Buzz- 20th November 2017

20 Nov 2017

Asian shares fell in muted trading Monday ahead of the Thanksgiving holidays in the U.S., as gloom carried over from Friday's retreat on Wall Street. Japan reported its exports rose 14 % in October from a year earlier on strong demand from China and the U.S. Japan's benchmark Nikkei 225 index lost 0.6% to 22,271.35. Australia's S&P/ASX 200 fell 0.2ercent to 5,946.60. South Korea's Kospi dipped nearly 0.2% to 2,529.40. Hong Kong's Hang Seng was down 0.1% at 29,186.16, while the Shanghai Composite index dropped 1.2% to 3,341.96. Japan's trade surplus fell more than 40 % in October

Read more

2017

Market Buzz- 16 November 2017

16 Nov 2017

 

Asian stock markets were mostly firm and oil prices were steady, despite a second straight day of losses on Wall Street overnight. But analysts said it was too early to say risk sentiment was back after a day of heavy losses in Asia.

Read more

2017

Market Buzz- 14th November 2017

14 Nov 2017

Asian shares were mostly lower on Tuesday as markets watched for tax reform developments in the U.S. and digested economic data from China. Japan's benchmark Nikkei 225 recouped earlier gains to end the morning session at 22,441.24, up 0.3 %. Australia's S&P/ASX 200 fell 0.9 % to 5,967.50. South Korea's Kospi edged down 0.2 % to 2,524.60

 

Read more

2017

Market Buzz- 9th November 2017

09 Nov 2017

 

Japan's stock benchmark surged Thursday to its highest in more than a quarter century on the yen's weakness and healthy corporate earnings while other Asian markets were subdued. Japan's benchmark Nikkei 225 index rallied 2 % to 23,368.16, a level it hasn't matched since January 1992. South Korea's Kospi edged up 0.2 % to 2,556.61. Hong Kong's Hang Seng added 1 % to 29,182.28 but the Shanghai Composite in mainland China crept less than 0.1 % higher to 3,416.32. Australia's S&P/ASX 200 climbed 0.4 % to 6,041.40. Taiwan's benchmark fell and Southeast Asian indexes were mostly higher.

Read more

2017

Monthly Report November 2017

09 Nov 2017

It was an important month for the fund as significant macro events that we have been predicting for most of the year are starting to Materialize. The fund is well positioned to take advantage of mispricing’s in the African Markets.

Read more

2017

Market Buzz- 7th November 2017

07 Nov 2017

Asian stocks rose Tuesday after Wall Street posted modest gains. Turmoil in Saudi Arabia sent crude prices surging. Tokyo's Nikkei 225 rose 0.8percent to 22,729.23 and the Shanghai Composite Index advanced 0.6percent to 3,406.57. Hong Kong's Hang Seng gained 0.9percent to 28,868.82 and Sydney's S&P-ASX 200 rose 0.7percent to 5,995.10. Seoul's Kospi shed 0.1percent to 2,547.32. Benchmarks in Taiwan, Singapore and Jakarta advanced,

Read more

2017

Market Buzz - 3rd November 2017

03 Nov 2017

Equities in Asia were mixed as investors assessed the latest news on U.S. tax-cut plans and looked ahead to Friday’s American jobs report. The Australian dollar took a hit and bond yields headed lower after retail sales data raised doubts about the strength of the economy. Apple Inc. supported Nasdaq futures after its forecast for holiday sales topped estimates and suppliers of the iPhone maker climbed in Asia.

Read more

2017

Market Buzz - 31st October 2017

31 Oct 2017

Stocks retreated from their record highs on Monday, ahead of a frenetic week for markets. Investors are waiting to learn who the next head of the Federal Reserve will be, what several of the world's biggest central banks will decide on interest rates, and whether Apple and other big U.S. companies can keep piling their profits higher.

Read more

2017

Market Buzz- 30th October 2017

30 Oct 2017

Asian stock markets were mixed Monday as investors waited to find out who U.S. President Donald Trump will pick to head the Federal Reserve. Tokyo's Nikkei 225 index lost 0.1percent to 21,995.15 and the Shanghai Composite Index shed 0.7percent to 3,392.03. Hong Kong's Hang Seng was flat at 28,448.81. Australia's S&P-ASX 200 rose 0.3percent to 5,922.20. Seoul's Kospi advanced 0.3percent to 2,502.59 and benchmarks in New Zealand, Taiwan and Jakarta also rose.Singapore declined.

Read more

2017

Market Buzz- 20th October 2017

20 Oct 2017

  1. Dollar Gains, Treasuries Fall on U.S. Tax Hopes: Markets Wrap N.Z. dollar extends slide after Labour Party forms government.
  2. Yen declines as all eyes turn to Sunday’s Japan election.
Read more

2017

Market Buzz- 19 October 2017

19 Oct 2017

• US stocks pointed slightly higher, with the Dow Jones rising the most in 5 weeks.
• Oil hovered around $52, Gold dropped below $1281 and the Yen traded below 113.

Read more

2017

Market Buzz- 18 October 2017

18 Oct 2017

• US stocks were mixed, while the USD rose against most G10 counterparts on speculation the next Federal Reserve Bank chairman will be more hawkish i.e. favouring higher interest rates in the US.

• President Trump plans to announce his Federal Reserve Bank chairman nominee before he leaves 3 November for an 11-day trip to Asia.

Read more

2017

Market News

12 Oct 2017

Asian shares were mostly higher taking their cue from the latest record highs on Wall Street. Strong earnings growth has supported major stock indexes this year, and some analysts said they expect third-quarter results to continue to outperform expectations. Meanwhile, the Federal Reserve signaled its confidence that the U.S. economy was strong enough to support further rate increases. “The Fed minutes indicated a positive outlook on the U.S. economy. That augurs well for global growth,” said Alex Wijaya, head of Southeast Asia for Axicorp Financial Services.

Read more

2017

Monthly Report Sept 2017

10 Oct 2017

It’s been a quiet month in the African Market this month, with very few drivers to influence investors.  While we view periods like this as positive, as it shows that the African Markets are maturing and economies stabilising, but it does not make for very exciting report writing.

Read more

2017

Monthly Report June 2017

14 Jul 2017

Summer vacations are knocking at the door and the feeling was already present on African markets with the vast majority closing the month with optimism.

Read more

2017

Monthly Report May 2017

06 Jun 2017

Macroeconomic stresses continued across the continent this month. 

Read more

2017

Managers Report April 2017

12 May 2017

Most African markets were plagued by volatility this month, as local and international investors attempted to digest macroeconomic stresses.

Read more

2017

U.S. businesses added 263,000 jobs in March

06 Apr 2017

Asia and Australia Asia: markets lower following largest turnaround in US stocks for 14 months.

Read more

2017