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Events that moved the market 2016

| Market Forces
  • 4 Jan 2016

    Source: Bloomberg

    China halts stock trades

    Trades in Chinese stocks are suspended after a 7% rout triggers the circuit breaker.

  • 11 Jan 2016

    Source: Moneyweb

    Rand buffeting continues

    Rand collapses to record R17.92 against the dollar after turmoil in China causes an emerging market sell-off.

  • 15 Jan 2016

    Source: BDlive

    JSE welcomes AB InBev

    Global beer brewing giant AB InBev lists on the JSE at R1 938 a share.

  • 20 Jan 2016

    Source: AFP

    Oil dirt cheap

    Brent crude slides to below $28 a barrel – hitting a new 12-year low.

  • 28 Jan 2016

    Source: National Treasury

    Repo rate hiked by 50bps

    The SA Reserve Bank raises the repo rate by 50bps to 6.75% p.a.

  • 29 Jan 2016

    Source: AFP

    Japan turns to negative rates

    In a surprise move, the Bank of Japan cuts its short-term bank deposit rate to negative, similar to Switzerland in 2015.

  • 24 Feb 2016

    Source: Moodys.com

    Last blow for Brazil

    Moody’s, following in the footsteps of S&P and Fitch, also downgrades Brazil’s government bonds to junk status.

  • 26 Feb 2016

    Source: Financial Times

    Barclays Africa for sale

    News leaks that Barclays will exit its African business.

  • 7 Mar 2016

    Source: BDlive.com

    Old Mutual to unbundle

    News that Old Mutual may unbundle its businesses and restructure significantly boosts the JSE.

  • 8 Mar 2016

    Source: AFP

    Chinese exports plummet

    China reports the largest decline in exports since May 2009.

  • 22 Mar 2016

    Source: Reuters

    Bombings shock Belgium

    European stocks fall shortly after two suicide bombings kill several at Brussels airport.

  • 28 Apr 2016

    Source: Bloomberg News

    US labour market strong

    US jobless claim figures show unemployment is near a 4-decade low.

  • 18 May 2016

    Source: Statistics SA

    SA inflation steady

    Annual CPI to end April clocks in at 6.2 y/y.

  • 31 May 2016

    Source: Bloomberg News

    European inflation remains negative

    Prices are 0.1% lower in May than a year earlier.

  • 8 Jun 2016

    Source: Statistics SA

    SA GDP shrinks

    GDP contracts an annualised 1.2% in the first quarter of 2016.

  • 14 Jun 2016

    Source: Financial Times and The Economist

    ECB may buy troubled bonds

    Germany’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.

  • 23 Jun 2016

    Source: BBC

    Britain votes to leave

    British voters’ surprise decision (52% majority) to leave the European Union creates havoc in international markets. Cameron resigns as prime minister.

  • 21 July 2016

    Source: fin24

    SA growth halts

    The SA Reserve Bank revises its growth forecast for 2016 down to 0%.

  • ZAR

    26 July 2016

    Source: Bloomberg News

    SA rand debt downgraded

    Fitch downgrades SA’s local-currency debt rating to bring it in line with its foreign-currency rating – one notch above junk.

  • 4 Aug 2016

    Source: CNBC

    BoE relaunches easier money

    The Bank of England cuts interest rates and restarts bond purchases to mitigate the impact of Brexit.

  • 15 Aug 2016

    Source:CNBC

    US stocks edge even higher

    All three major US indices - the Dow Jones, S&P 500 and Nasdaq – reach a fresh high on the same day.

  • 31 Aug 2016

    Source: fin24

    Futuregrowth halts SOE loans

    Futuregrowth 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).

  • 31 Aug 2016

    Source: Reuters

    Nigeria in recession

    Nigeria'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.

  • 11 Oct 2016

    Source: fin24

    Good bye, SA Breweries

    Anheuser-Busch InBev completes the merger with SABMiller. AB InBev has been dissolved.

  • 26 Oct 2016

    Source: BusinessTech

    Treasury revises SA growth

    National Treasury revises its 2016 growth forecast for SA down to 0.5%.

  • 27 Oct 2016

    Source: Bloomberg News

    UK economy steady

    The UK’s 0.5% growth rate in the three months after the vote to exit the EU is faster than forecast.

  • 31 Oct 2016

    Source: Fin24

    Reprieve for Gordhan

    The NPA drops charges against minister Pravin Gordhan, Oupa Magashula and Ivan Pillay.

  • 9 Nov 2016

    Source: WSJ

    Trump triumphant

    Global markets reel as Donald Trump wins the US presidential elections.

  • 22 Nov 2016

    Source: Statistics SA

    SA jobs shrink even more

    SA unemployment rises to 27.1% in Q3 2016. This means 5.9m South Africans are currently without work — the highest number since 2003.

  • 23 Nov 2016

    Source: Bloomberg News

    Asian bonds tremble post Trump

    Investors sell almost $5bn of bonds in Asia's local-currency debt markets in the week following Trump's victory.

  • 2 Dec 2016

    Source: iol

    S&P downgrades rand debt

    Standard & Poor's downgrades South Africa's local debt by one notch to BBB, still two notches above junk.

  • 2 Dec 2016

    Source: European Union’s statistics office

    Eurozone employment strong

    Eurozone unemployment unexpectedly declined in October to the lowest level in more than seven years.

  • 4 Dec 2016

    Source: Daily Maverick

    Italian prime minister quits

    Prime Minister Matteo Renzi is voted out of power in a referendum on constitutional reform, resulting in Renzi announcing his retirement.

  • 6 Dec 2016

    Source: Statistics SA

    SA running on little steam

    SA 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.

  • 9 Dec 2016

    Source: AFP

    More stimulus for Europe

    The European Central Bank (ECB) announces that it will extend stimulus beyond March 2017 but plans to slow the pace of bond purchases in April.

  • 9 Dec 2016

    Source: AFP

    Further records for US markets

    The Dow, the S&P 500 and the Nasdaq all reach fresh records after the ECB’s announcement.

  • 12 Dec 2016

    Statistics SA

    More jobs for SA

    A 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.

  • 14 Dec 2016

    Source: AFP

    US hikes fed rate

    The US raises the federal funds rate for only the second time in a decade.

  • 21 Dec 2016

    Source: AFP

    Italian bank in trouble

    Europe's main stocks retreat on worries over Italy's troubled bank Monte dei Paschi di Siena.

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