Daily Market Blog: Live from Greece

02-JUL-15

"In Athens you can definitely see the battle scars of the boom to relative bust scenario, there are shops boarded up, a few political spray paintings and signs (some look communist), generally people are going about their business. The infrastructure looks really good in some places, and really poor in others."






To market to market to buy a fat pig. The US markets were in the green yesterday on a better than expected ADP jobs report number which came in with 237 000 new jobs added compared to the 218 000 expected. The big number expected today is the non-farm payrolls from the US labour department, which is also expected to be good. This comes with a solid chance that the official unemployment rate may come down another 10 basis points. This is the number that all the traders are looking for before putting positions in the market come the long weekend. It is Independence day in the US also known as the the 4th of July which means the markets are closed tomorrow. The day celebrates the US's adoption of the Declaration of Independence, where they declared independence from the British empire all the way back in 1776. It is scary to think that this house in London is almost 200 years older than the age of the US - 41 Cloth Fair - The oldest house in the City of London. For me it puts time into perspective, how old is truly old? What is long term?

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Vestact manages money for private clients, in Rands in Johannesburg and in US Dollars in New York. We offer individualised investment accounts, and a high level of personalised service. Through low fees and effective stock-picking, we have delivered industry-beating investment performance. For a longer description of how we go about the business of asset management at Vestact, click here.

To open an account, call us on 087 985 0939, or come in and visit us at our offices at 24 Crescent Drive, Melrose Arch, Johannesburg.

Stocks which we currently recommend

Amazon.com is the world's leading online retailer.

Apple is global leader in tablet and smartphone technology.

Aspen is a rising global star in generic pharmaceuticals.

BHP Billiton is the world's largest industrial commodity mining company.

Bidvest is a diversified services company, which may re-organise its portfolio.

Cerner provides IT solutions in the healthcare industry.

City Lodge is a growing mid-priced hotel group in urban areas of SA.

Discovery is a healthcare services administrator and life insurer.

Facebook is a dominant social media platform provider.

Famous Brands is SA's largest quick-service restaurant group.

General Electric is a diversified investment holding company.

Google is the world's biggest search engine and online advertising platform.

Johnson & Johnson is the largest consumer healthcare and pharma company.

L'Oreal is a world leader in the manufacturing and sale of beauty products.

Luxottica is the world's largest branded sunglass maker and retailer.

MTN Group is an emerging markets mobile telecoms giant.

Massmart is a big-box discount retailer in Africa, now 51% owned by Wal-Mart.

Mediclinic owns hospitals in SA, the UAE and Switzerland.

Naspers is an in emerging markets company focussed on digital TV & Internet.

Nike is a global designer and retailer of sporting equipment.

Omnia is a fertiliser and explosives producer.

Richemont is a luxury brands company expanding in Asia.

Sasol is a global player in chemicals and fuels technology.

Starbucks is a roaster, marketer and retailer of coffee.

Stryker makes hip and knee joint replacements and hospital beds.

Tiger Brands is a basic and branded food producer, expanding through Africa.

Visa is a global payments technology company.

Woolworths is SA's leading organic food retailer & clothing business.

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