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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%