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As we enter the final day of trade for the year many investors will be looking back at 2020 somewhat shellshocked. The COVID-19 pandemic has been the single largest destroyer of economic growth and caused debt levels across the globe to skyrocket. Developed and emerging markets alike have participated in different forms of quantitative easing...
There is never a dull day in the United States. The Senate Majority leader Mr. Mitch McConnell yesterday put off a vote on increasing the amount of relief provided to individuals from $600 to $2000; he also asked senators to override President Trump’s veto of a defense bill. This is significant as it seems President...
To secure your financial future, its best you start investing the soonest you can. Unit trusts are the best way to kick off your investments because they are professionally managed – you don’t have to worry about the hassle of keeping up with your investments as your fund manager will keep your investment on track....
The Nikkei has hit a 30yr high this morning driven by improved risk appetite following the Brexit deal last week and approval of the $2000 COVID-19 aid checks sought by President Donald Trump. The Nikkei 225 Index was quoted at 27356.90 at 04.18 GMT. The Democratic led US House voted in favour of the $2000...
Market sentiment has received a significant boost this morning as we enter the final week of trading for 2020. President Donald Trump signed a $2.3trn stimulus bill into law yesterday which has restored unemployment benefits to millions and averted the federal government shutting down following what many viewed as a crisis of his own making....
It was a relatively uneventful day in Zambia yesterday amid a lack of domestic data. On the base metals front, there has been some profit taking on copper during the Asian session after the benchmark 3m LME contract gained some 1.24% to close at $7843.40/tonne overnight. A contraction of some 0.3% noted with the contract...
It takes great effort to win. Winners always cast their eyes on the goal. During and off training they remain focused on the rewards. What are your investment goals? As fund managers we acknowledge that most of our investors work hard for their investments. Making regular and planned investment allocation takes a lot of effort...
Base metal counters have focused on the potential for another economic contraction as a result of a more infectious strain of COVID-19 rearing its head in the United Kingdom. Actions by policymakers have been swift but there will be an undoubted impact on the EU/UK as travel and trade has come to a standstill over...
The International Copper Study Group stated in its latest bulletin yesterday that the global refined copper market showed a 155 000 tonne deficit in September compared with a deficit of some 72 000 tonnes in August. During the first 9 months of 2020, the copper market experienced a 387 000 tonne deficit which compares with...
In forecasts released over the weekend, the Zambia Ministry of Finance expects copper production to increase to 919,311 metric tons this year from 797,518 metric tons in 2019. In 2021 output is seen as reaching 928,504 tons. Meanwhile, a deficit of -1.5% is forecast for the budget’s primary balance while it is seen as being...