Italian fiscal jitters rattle markets

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Derek  3 Oct 2018

Good morning,

It looks like we are going to have Greece roller coaster ride on markets all over again. Only this time it is Italy. And what they all want to do first is have their own currency back! Was Spain not next on the list?

Markets are all mixed in the US and in the East. The East is about flat after making up early losses.

The S&P500 is making a doji with all the uncertainty, but the DOW is making a new high!

Quite a few shares are driving the DOW. Boeing that I showed yesterday is making a new high. Lets show JPMorgan Chase that broke my tight trend line.

Apple is busy testing its previous high.

JSE Technical:
With the jitters in the markets, emerging markets are not in favour. This was also so for the JSE.
All this made the Rand weaken against the Dollar. Notice that the trend line is broken.

The Rand Hedges benefitted from the weaker Rand. Sasol is one of them.

Enjoy your day
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