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MONTHLY UPDATE

September 2020

After an exceptionally strong rebound in the 2nd quarter, U.S. and Asian markets enjoyed another strong quarter whilst European markets lost some ground. More specifically, the S&P 500 (+8.48%), Nikkei (+4.03%) and Shanghai Composite Index (+7.81%) all enjoyed a strong 3 months whilst the Euro Stoxx 50 (-1.25%) and FTSE 100 (-4.93%) ended the quarter negatively.

Looking ahead, some of the key drivers of global markets in the quarter ahead worth noting include:

  • A slowing global recovery;
  • The impact of rising Covid-19 infection rates (future lockdowns and progress on Covid-19 vaccines);
  • The outcome of U.S. elections; and
  • How Brexit will conclude?

Market moves of the month

SA MARKETS LAST PRICE SEPT 2020 MOVES YTD MOVE
JSE ALL-SHARE 54 265 -2,2% -4,9%
RESOURCE 10 53 383 -4,0% 8,4%
INDUSTRIAL 25 73 187 -2,1% 5,6%
FINANCIAL 15 10 072 3,3% -35,7%
SA LISTED PROPERTY 228 -3,4% -48,8%
GLOBAL MARKETS  LAST PRICE SEPT 2020 MOVES YTD MOVE
DOW JONES 27 782 -1,8% -2,7%
S&P 500 3 363 -2,7% 4,1%
NASDAQ 11 168 -2,5% 24,5%
EURO STOXX 50 3 194 -3,8% -14,8%
FTSE 100 5 866 -0,4% -22,2%
NIKKEI 225 23 185 -0,1% -2,0%
SHANGHAI 3 218 -4,1% 5,5%

 

CURRENCIES  LAST PRICE SEPT 2020 MOVES YTD MOVE
USDZAR 16,76 -1,1% 19,7%
GBPZAR 21,66 -4,3% 16,8%
EURZAR 19,65 -2,8% 25,3%

Source: Factset

Explore the chartbook for the month of September.

Quarterly House View (Q4)

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These and other macro insights are covered in more depth in our Quarterly (Q4) House View.

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