Johannesburg Stock Exchange

World Markets Daily News – In Brief –20/11/2023



-Japan’s benchmark Nikkei Stock Average reached a new 33-year high on Monday morning as the stock market continues this year’s solid performance, the Nikkei Asia reported.

-The Australians stocks closed higher on Monday with energy stocks making up for weaker consumer staples and utilities companies.

-The People’s Bank of China (PBoC) announced it kept its one-year loan prime rate (LPR), the peg for most household and corporate loans in China, unchanged at 3.45%. The five-year benchmark loan rate — the peg for most mortgages — stood at 4.2%.


-Major European stock exchanges traded mixed at the open on Monday as producer prices in Germany slid 11% on an annual basis in October.

-European demand for product tankers could increase over the winter, shipbroker Gibson said in its latest weekly report.

-The EU and the Mercosur bloc of South American nations are pushing to finalise a long-delayed trade treaty by early December, the Financial Times reported citing diplomats involved in the negotiations.


-Overseas private investors and central banks now own about 30% of all outstanding U.S. government debt—down from roughly 43% a decade ago, the Wall Street Journal reported.

-Argentina elected right-wing libertarian Javier Milei as its new president on Sunday. Once in office, Milei has said he will slash government spending, dollarise the economy and eliminate the Central Bank as well as key ministries,

-Brazil’s coffee exports surge to competing markets Vietnam and Indonesia: In October, Indonesia’s imports of Brazilian coffee jumped by 99%.


-The Johannesburg Stock Exchange (JSE) has expanded its secondary listings framework by allowing secondary listings for companies primarily listed on the Hong Kong Exchanges and Clearing Ltd (HKEX).

-‘Chaos’ at Durban port with an estimated 71 000 containers stuck at sea, Fin24 reported.

-The Zimbabwe Banks and Allied Workers Union (ZIBAWU) reports that 75% of jobs in the sector have been lost since the beginning of the millennium.


-Saudi Aramco has discovered two new natural gas fields in the Empty Quarter region, the state news agency quoted Saudi energy minister Prince Abdulaziz bin Salman as saying on Sunday.

-Oman plans to invest 2.5 billion rials ($6.5 billion) in its transport and logistics sector until 2025, according to the sultanate’s Ministry of Transport, Communications and Information Technology.

-Emerging markets investor Mark Mobius is looking to set up a new venture in Dubai, Bloomberg reported on Friday.