• US stocks pointed slightly higher, with the Dow Jones rising the most in 5 weeks.
• Oil hovered around $52, Gold dropped below $1281 and the Yen traded below 113.
• US stocks were mixed, while the USD rose against most G10 counterparts on speculation the next Federal Reserve Bank chairman will be more hawkish i.e. favouring higher interest rates in the US.
• President Trump plans to announce his Federal Reserve Bank chairman nominee before he leaves 3 November for an 11-day trip to Asia.Continue Reading
The Board of Directors of BODCO Ltd have today called an Extraordinary General Meeting of the Shareholders,Continue Reading
Asian shares were mostly higher taking their cue from the latest record highs on Wall Street. Strong earnings growth has supported major stock indexes this year, and some analysts said they expect third-quarter results to continue to outperform expectations. Meanwhile, the Federal Reserve signaled its confidence that the U.S. economy was strong enough to support further rate increases. “The Fed minutes indicated a positive outlook on the U.S. economy. That augurs well for global growth,” said Alex Wijaya, head of Southeast Asia for Axicorp Financial Services.Continue Reading
SACOS Group Ltd
Incorporated in the Republic of the Seychelles Registration Number 820521-1
ISIN Number: SC1311001004
Trop-X Share Code: SAC ("SACOS" or "the Company")
Shareholders are advised that the company has requested a voluntary suspension of trade in its shares on Trop-X. This request has been granted.
Is FEAR keeping you behind? Fear! As kids, we usually fear ghosts, darkness and thunderstorms. But, as we reach adulthood, our fears become more complex and often revolve around money matters. And because of these money-related fears, we usually tend to cringe at the thought of investing. Wealth-building isn’t something restricted to the ‘rich’/ those with a big pile of money; rather, it is something everyone should be doing. And when it comes to building wealth, decisions based on knowledge and wisdom are essential. However, a lot of people are still sceptical about investing, especially here in Seychelles.Continue Reading
Asian markets sluggish start largely ignoring Western moves. Overnight Italian banks shone on well received capital raising from UniCredit. DOW closes in on 20,000. Energy led in a delayed reaction to weekend Oil moves and a report by the IEA says if production cuts happen it could wipe out the Oil surplus in the market.Continue Reading
Asian stocks fluctuated after a three-day rally as investors adopted a cautious tone ahead of key events from OPEC talks to the U.S. jobs report and Italy’s referendum. The MSCI Asia Pacific Index rose 0.1% after erasing gains earlier in the day. Japan’s Topix index was little changed after a 12-day surge.Continue Reading
Asian stock markets were mixed Monday after oil prices slid on unease about this week's meeting of OPEC member to discuss possible output cuts. Chinese stocks in Hong Kong headed for a seven-week high as railway companies advanced. A measure of small-cap companies in Hong Kong rose after regulators announced the start date for a trading program between Hong Kong and ShenzhenContinue Reading
Asia: markets flat to slightly lower outside Japan on Emerging Market weakness after DXY breakout. Overnight Yellen most hawkish and Dec rate hike pretty much given and says trajectory higher. She also confirmed she will serve out her full term.Continue Reading
Asian markets mixed on small moves as turnover in the US shrinks. Overnight deja vu with Financials again lower on Broker downgrades. Telcos higher and FANGs bounces for the second days with AAPL +2.7% on talk of 3 models of the iPhone8. Dark commodities lower following China pm selloff.Continue Reading
Asian markets steadier and mixed. Overnight Equities were quieter but DXY topped 100 and is slipping in Asia. US 10y yields touched 2.26% but lower here to 2.20% as bonds now cheapest to equities in a year and a report calling for 2.5% by end 1Q before finishing the year back at 1.355 getting attention. Transports +2% after Buffet declares stakes in Delta and American.Continue Reading
Asian markets bounce on news this morning that the FBI will be dropping the Clinton email investigation. SPX saw its longest streak of losses for 30 years, closing again lower on Friday, but only -3% has been retraced over that time. Payrolls Friday slightly below but average hourly wages rose increasing the likelihood of a rate hike in December.Continue Reading
Asian markets generally -1% after latest poll shows Trump leading. Overnight US stocks fell but Dow rallied back above 18,000 to halve the losses. Vix +9% surges on poll, but was above 20 at one stage. DXY falls nearly -1% and investors choose Gold and CHF safetyContinue Reading
International stock markets provided impressive returns for the third quarter of 2016, surpassing those of two widely recognized U.S. stock market indices being the the S&P 500 Index and the Dow Jones Industrial Average. The S&P 500 Index finished the quarter with a gain of 3.85% allowing for a year-to-date gain of 7.84% and the equally U.S.-oriented Dow Jones Industrial Average (DJIA) closed Q3 with a gain of 2.78% allowing for a year-to-date gain of 7.21% as of the end of the third quarter of 2016.Continue Reading
The Lombard Africa Fund has been a long term proponent of Africa being the next great growth story after China. We are not alone in their opinion, and this has been echoed at the World Economic Forum that was held in Davos, Switzerland this month (January 2016).Continue Reading
International private equity has become the fastest growing source of investment in sub-Saharan Africa but better risk management tools and a way to develop whole sectors was needed to make sure benefits are spread more widely, a study found.Continue Reading