The South African Rand has seemed to find a steady middle ground at around R16.70 against the US Dollar, finding support and resistance levels at R16.60 and R16.90 respectively. 2,500 of the world’s most influential people are currently attending the World Economic Forum in Davos, Switzerland, to discuss current and future global political, economic and social issues. The Hang Seng Index in Hong Kong has fallen below its book value for the first time since 1998, as concerns around China deepen. A further 10%-15% further correction has been forecast to still be felt rippling through the Hang Seng Index, adding to its 35% fall from highs seen in April 2015. A historic winter blizzard will be moving over the North American east coast over the course of the weekend, with snowfall expected to be in the order of two feet in the Baltimore region and one foot of powder toward the greater New York area.
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The Growth Plateau | Cannon Asset Managers research