Market Standard 03 August 2020 JSE Direct with Simon Brown

Offshore
/ US earnings season
/ Q2 GDP data is coming in at about -10%
/ US jobless claims remain stuck at around 1.4million and CARES has ended, albeit congress is in talks
/ Alphabet says WFH until summer 2021 & Zuckerberg says there’s ‘no end in sight’ for Facebook employees WFH
/ Big tech results (Amazon, FB, Alphabet & Apple) knock it out the park
/ Big tech breakup congressional hearings
Local
/ Steinhoff wants to settle claims
/ Europa Metals booms 16,000%, except it didn’t (500:1 consolidation)
/ ANG ceo quits
/ Vivo Energy results as fuel sales decline
/ GLD closes July at an all-time high
/ City Lodge rights issue 13:1