Investment Review – August 2024

Market Indicators

  • JSE All Share (ALSI) 83,749.86
  • Rand/Euro R 19.69
  • Rand/Pound R 23.40
  • Rand/US Dollar R 17.87
  • Rand/Aus Dollar R 12.05

A User’s Guide to Unemployment Statistics

Employment indicators are some of the timeliest measures of the state of the US economy. In the days, hours and minutes following their release, markets can react decisively if they miss expectations. However, they are often revised after being released, and the most recent revisions suggest that the US labour market isn’t as robust as everyone thought. In this article, we break down what the unemployment rate is, its limitations, and why it matters.

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The Allan Gray-Orbis Global Equity Feeder Fund remains fully invested in global equities. The objective of the Fund is to outperform the FTSE World Index at no greater-than average risk of loss in its sector.