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Daily Highlights

Global markets extend gains as optimism builds

Adriaan Pask, Chief Investment OfficerPSG Wealth

Global markets extend gains as optimism builds

European stocks edged higher on Tuesday, extending record highs with support from the defence, aerospace and luxury sectors. The Eurozone’s STOXX 50 added 0.20% to 5 691, while the pan-European STOXX 600 gained 0.30%. Luxury brand Hermès advanced 1.50%, bringing its five-session rally to 11% amid expectations of stronger margins.

The South African rand weakened on Tuesday, pressured by a stronger US dollar and declining commodity prices that dampened demand for risk assets. The currency slipped 1.30% to trade at R17.44 to the dollar. Locally, investors assessed data from the South African Reserve Bank (SARB) showing that the country’s composite leading business cycle indicator, which tracks trends in vehicle sales, business confidence and money supply, rose 1.60% month-on-month in August. The JSE closed more than 2% lower on the day.

In the US, equities extended their winning streak for a third consecutive session, driven by upbeat corporate earnings. The Dow Jones rose over 300 points, supported by solid results from Coca-Cola and 3M, both up more than 3%. The S&P 500 gained 0.20%, lifted by General Motors and Warner Bros.

Gold prices plunged as much as 6.20% to around $4 100 per ounce their steepest daily decline since 2013 after touching a record high of $4 382 on Monday. The sharp pullback followed profit-taking, a stronger US dollar and easing safe-haven demand amid improved global sentiment and progress toward a US–China trade resolution.

In Asia, markets also advanced on signs of easing trade tensions and political developments. Hong Kong’s Hang Seng Index climbed 0.70% to 26 028, while Japan’s Nikkei 225 rose 0.27% to 49 316 and the broader Topix inched up 0.03% to 3 250. Gains in Japan followed Sanae Takaichi’s historic election as the country’s first female prime minister.

KST3 050c-8c (-0.26%)
Market Indicators
DateIndexCurrent Level1 Day Move1 Month Move6 Month Move1 Year Move
Date2026-11-04T00:00:00IndexALSICurrent Level109275.301 Day Move-0.231 Month Move1.276 Month Move-3.101 Year Move4.27
Date2026-11-04T00:00:00IndexBasic mineralsCurrent Level77929.161 Day Move-0.581 Month Move-7.266 Month Move-10.321 Year Move10.88
Date2026-11-04T00:00:00IndexFin + Ind 30Current Level13232.141 Day Move-0.081 Month Move5.426 Month Move0.491 Year Move1.39
Date2026-11-04T00:00:00IndexFinancialCurrent Level63056.841 Day Move-0.051 Month Move5.226 Month Move4.101 Year Move18.41
Date2026-11-04T00:00:00IndexIndustrial indexCurrent Level131995.011 Day Move-0.111 Month Move5.716 Month Move-3.391 Year Move-11.58

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