Market overview
The FTSE/JSE All Share closed last week at 110 958.50, increasing by 1.31%. The basic materials sector was the biggest contributor, increasing by 8.82% during the previous week. The technology sector lost the most ground, decreasing by 7.00% over the same period.
Looking at the MSCI indices, developed markets increased by 2.49% during the previous week, while emerging markets increased by 3.69%.
Spike in SA producer prices
South Africa’s PPI inflation increased for the fifth month to 2.9% in October, the highest level since July 2024, from 2.3% in September, though below forecasts of 3.1%. On a monthly basis, producer prices edged down by 0.1% in October, after a similar decrease in the previous month.
Sharp growth in Indian GDP
India’s gross domestic product grew 8.2% year-on-year, well above the market consensus of 7.3% and accelerating from the 7.8% growth recorded in the previous period. This was the fastest annual expansion since the March quarter of 2024, reflecting the economy’s resilience despite the 50% U.S. tariffs imposed in August. Growth was supported by increased government spending and GST cuts that helped bolster consumer confidence and private investment.
Chinese manufacturing edges higher
China’s official NBS Manufacturing PMI edged up to 49.2 in November 2025 from October’s six-month low of 49.0, matching market expectations. However, it marked the eighth straight month of decline in factory activity, as manufacturers faced persistently weak demand, intensified price competition at home, and cautious export sentiment amid global uncertainty.
Thanks to PPS Investments for the weekly Market overview.
Financial Indicator by Sharedata.co.za
South Africa factory mood darkens to worst since Covid lockdowns
Sentiment among South African manufacturers plunged to the weakest level since lockdowns were implemented during the Covid-19 pandemic, as export sales remain weak and the manufacturing industry struggles to gain traction. See the full Moneyweb article here>
Here’s what you’re likely to pay for petrol and diesel from Wednesday
South Africans will have to dig a little deeper in December, with petrol and diesel prices set to increase. See what you’re likely to pay from Wednesday in the IOL Business Report here>
U.S. stock futures dip with rate cut bets, possible Fed leadership change in focus
U.S. stock futures edged lower on Monday, as investors weighed rising expectations for an interest rate cut by the Federal Reserve in December. S&P 500 Futures had inched down 42 points, or 0.6%, Nasdaq 100 Futures had fallen 182 points, or 0.7%, and Dow Jones Futures had slipped 220 points, or 0.5%, by 06:28 ET (11:28 GMT). See the full Investing.com article here>
Gold at six-week high amid softer dollar
Gold prices hit a six-week high on Monday as a softer dollar and early risk-off sentiment set the tone, with investors focused on a potential US rate cut later this month, while silver touched a record high. See the article in BusinessDay here>
European stocks fall, yen boosted by Japan rate hike bets
European stock markets fell on Monday, pulling back from recent gains, while the yen and Japanese government bond yields got a boost from comments suggesting the central bank could hike interest rates. See the report from Reuters here>
Opec+ output plan and supply concerns lift oil
Oil prices rose on Monday after Opec+ members reaffirmed a plan to hold output steady, as the Caspian Pipeline Consortium halted exports after a major drone attack and US-Venezuela tension raised concerns about supply. See the full article in BusinessDay here>
Asia markets open December mixed as China factory activity weakens unexpectedly
Asia-Pacific markets opened December mixed Monday as traders parsed fresh manufacturing data from China and rising expectations of a U.S. Federal Reserve rate cut this month. Read the latest from CNBC.com here>
Bitcoin marks deep plunge as investors lose appetite for crypto
Bitcoin fell sharply on Monday, dipping below €75,000 per coin as the broader cryptocurrency market extended a steep decline that began after its record October peak. See the latest on crypto from Euro news here>