Events that moved the market 2016
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4 Jan 2016Source: BloombergChina halts stock tradesTrades in Chinese stocks are suspended after a 7% rout triggers the circuit breaker.
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11 Jan 2016Source: MoneywebRand buffeting continuesRand collapses to record R17.92 against the dollar after turmoil in China causes an emerging market sell-off.
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15 Jan 2016Source: BDliveJSE welcomes AB InBevGlobal beer brewing giant AB InBev lists on the JSE at R1 938 a share.
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20 Jan 2016Source: AFPOil dirt cheapBrent crude slides to below $28 a barrel – hitting a new 12-year low.
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28 Jan 2016Source: National TreasuryRepo rate hiked by 50bpsThe SA Reserve Bank raises the repo rate by 50bps to 6.75% p.a.
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29 Jan 2016Source: AFPJapan turns to negative ratesIn a surprise move, the Bank of Japan cuts its short-term bank deposit rate to negative, similar to Switzerland in 2015.
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24 Feb 2016Source: Moodys.comLast blow for BrazilMoody’s, following in the footsteps of S&P and Fitch, also downgrades Brazil’s government bonds to junk status.
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26 Feb 2016Source: Financial TimesBarclays Africa for saleNews leaks that Barclays will exit its African business.
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7 Mar 2016Source: BDlive.comOld Mutual to unbundleNews that Old Mutual may unbundle its businesses and restructure significantly boosts the JSE.
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8 Mar 2016Source: AFPChinese exports plummetChina reports the largest decline in exports since May 2009.
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22 Mar 2016Source: ReutersBombings shock BelgiumEuropean stocks fall shortly after two suicide bombings kill several at Brussels airport.
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28 Apr 2016Source: Bloomberg NewsUS labour market strongUS jobless claim figures show unemployment is near a 4-decade low.
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18 May 2016Source: Statistics SASA inflation steadyAnnual CPI to end April clocks in at 6.2%. Vegetable prices have risen a staggering 24.4% y/y.
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31 May 2016Source: Bloomberg NewsEuropean inflation remains negativePrices are 0.1% lower in May than a year earlier.
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8 Jun 2016Source: Statistics SASA GDP shrinksGDP contracts an annualised 1.2% in the first quarter of 2016.
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14 Jun 2016Source: Financial Times and The EconomistECB may buy troubled bondsGermany’s highest court decides an ECB scheme to buy troubled states’ bonds in secondary markets is constitutional. 30-Year German bond rates fall to their lowest level on record.
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23 Jun 2016Source: BBCBritain votes to leaveBritish voters’ surprise decision (52% majority) to leave the European Union creates havoc in international markets. Cameron resigns as prime minister.
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21 July 2016Source: fin24SA growth haltsThe SA Reserve Bank revises its growth forecast for 2016 down to 0%.
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26 July 2016Source: Bloomberg NewsSA rand debt downgradedFitch downgrades SA’s local-currency debt rating to bring it in line with its foreign-currency rating – one notch above junk.
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4 Aug 2016Source: CNBCBoE relaunches easier moneyThe Bank of England cuts interest rates and restarts bond purchases to mitigate the impact of Brexit.
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15 Aug 2016Source:CNBCUS stocks edge even higherAll three major US indices - the Dow Jones, S&P 500 and Nasdaq – reach a fresh high on the same day.
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31 Aug 2016Source: fin24Futuregrowth halts SOE loansFuturegrowth suspends further loans to Eskom, Transnet, Sanral, Landbank, IDC and DBSA after concern over the new government structure to oversee all state-owned enterprises (SOEs).
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31 Aug 2016Source: ReutersNigeria in recessionNigeria's GDP shrinks by 2.06% in Q2, officially marking a recession. The non-oil sector fell due to a weaker currency while lower oil prices are dragging down the oil sector.
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11 Oct 2016Source: fin24Good bye, SA BreweriesAnheuser-Busch InBev completes the merger with SABMiller. AB InBev has been dissolved.
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26 Oct 2016Source: BusinessTechTreasury revises SA growthNational Treasury revises its 2016 growth forecast for SA down to 0.5%.
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27 Oct 2016Source: Bloomberg NewsUK economy steadyThe UK’s 0.5% growth rate in the three months after the vote to exit the EU is faster than forecast.
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31 Oct 2016Source: Fin24Reprieve for GordhanThe NPA drops charges against minister Pravin Gordhan, Oupa Magashula and Ivan Pillay.
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9 Nov 2016Source: WSJTrump triumphantGlobal markets reel as Donald Trump wins the US presidential elections.
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22 Nov 2016Source: Statistics SASA jobs shrink even moreSA unemployment rises to 27.1% in Q3 2016. This means 5.9m South Africans are currently without work — the highest number since 2003.
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23 Nov 2016Source: Bloomberg NewsAsian bonds tremble post TrumpInvestors sell almost $5bn of bonds in Asia's local-currency debt markets in the week following Trump's victory.
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2 Dec 2016Source: iolS&P downgrades rand debtStandard & Poor's downgrades South Africa's local debt by one notch to BBB, still two notches above junk.
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2 Dec 2016Source: European Union’s statistics officeEurozone employment strongEurozone unemployment unexpectedly declined in October to the lowest level in more than seven years.
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4 Dec 2016Source: Daily MaverickItalian prime minister quitsPrime Minister Matteo Renzi is voted out of power in a referendum on constitutional reform, resulting in Renzi announcing his retirement.
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6 Dec 2016Source: Statistics SASA running on little steamSA ekes out GDP growth of only 0.2% in Q3 2016, with mining, finance, real estate, business services and general government services being the main contributors.
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9 Dec 2016Source: AFPMore stimulus for EuropeThe European Central Bank (ECB) announces that it will extend stimulus beyond March 2017 but plans to slow the pace of bond purchases in April.
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9 Dec 2016Source: AFPFurther records for US marketsThe Dow, the S&P 500 and the Nasdaq all reach fresh records after the ECB’s announcement.
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12 Dec 2016Statistics SAMore jobs for SAA total of 93 000 jobs are created in Q3 2016. These were mainly in the community and social services, and in institutions such as technikons.
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14 Dec 2016Source: AFPUS hikes fed rateThe US raises the federal funds rate for only the second time in a decade.
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21 Dec 2016Source: AFPItalian bank in troubleEurope's main stocks retreat on worries over Italy's troubled bank Monte dei Paschi di Siena.
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