Traders Corner
- US and Japanese stocks rose, as China’s cash crunch eased and slower-than-forecast economic growth fuelled speculation the Fed will maintain stimulus.
- Hong Kong stocks rose amid speculation that the recent drop in the city’s shares has been overdone.
- China’s stocks rose as interbank lending rates fell for a fifth day, easing concerns over a cash squeeze that dragged the benchmark index to a four-year low.
- Gold up $4 and the rand 2 cents stronger from the local close.
- Major economic data:
- 09:55: Unemployment change - Germany
- 10:30: GDP - UK
- 11:00: Consumer confidence - Euro
- 11:30: PPI - SA
- 14:30: Personal spending/income - US
- 14:30: Initial jobless claims - US
- Local market should open up +0.5%,after world markets from US to Asia rose.