Daily Highlights
Wall Street subdued after Fed holds rates steady

The US Federal Reserve held interest rates steady at 4.25%–4.50% for a fourth straight meeting in June 2025, aligning with market expectations. Policymakers remain cautious as they assess the broader economic effects of President Donald Trump’s policies, particularly on tariffs, immigration and tax reform. Despite holding rates, officials still anticipate two rate cuts later this year. US equity markets erased earlier gains by late afternoon, with investors weighing the Fed’s stance and rising geopolitical risks. The S&P 500, Dow Jones, and Nasdaq 100 all ended marginally lower after earlier climbing as much as 0.50%.
In Europe, stock markets fluctuated throughout the day and closed slightly lower as investors digested global monetary policy signals, trade-related uncertainties and heightened tensions in the Middle East. The Eurozone’s STOXX 50 and the broader STOXX 600 each slipped 0.40%, finishing at 5 270 and 540, respectively. President Trump mentioned that Iran had made contact to discuss easing attacks from Israel, though his hawkish tone persisted.
Locally, the JSE All Share Index ended 0.35% higher on Wednesday, buoyed by steady inflation data. South Africa’s annual inflation rate remained at 2.80% in May—the same as April’s five-year low—while monthly CPI rose just 0.20%, slightly below the 0.30% recorded in April. Core inflation also held at 3%, the lowest since July 2021.
In Asia, the Hang Seng fell 1.10% to 23 711, declining for a second session as hopes for de-escalation in the Middle East faded. Meanwhile, Japan’s Nikkei 225 rose 0.90% to a four-month high, helped by weaker economic data that reduced pressure on the Bank of Japan to raise rates.
In commodities, Brent crude dropped over 1% to $75.20, retreating from session highs on signs of possible US-Iran dialogue.
| Date | Index | Current Level | 1 Day Move | 1 Month Move | 6 Month Move | 1 Year Move | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Date | 2026-11-06T00:00:00 | IndexALSI | Current Level113286.18 | 1 Day Move3.67 | 1 Month Move4.58 | 6 Month Move-1.50 | 1 Year Move4.13 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Date | 2026-11-06T00:00:00 | IndexBasic minerals | Current Level80078.30 | 1 Day Move2.76 | 1 Month Move-4.66 | 6 Month Move-10.60 | 1 Year Move11.23 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Date | 2026-11-06T00:00:00 | IndexFin + Ind 30 | Current Level13779.05 | 1 Day Move4.13 | 1 Month Move9.12 | 6 Month Move3.26 | 1 Year Move1.32 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Date | 2026-11-06T00:00:00 | IndexFinancial | Current Level65382.17 | 1 Day Move3.69 | 1 Month Move8.38 | 6 Month Move7.12 | 1 Year Move15.48 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Date | 2026-11-06T00:00:00 | IndexIndustrial index | Current Level138067.00 | 1 Day Move4.60 | 1 Month Move9.89 | 6 Month Move-0.51 | 1 Year Move-10.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||

Fundamental Research
Simon Property Group, Inc.

Fundamental Research
Diageo plc

Fundamental Research
Resilient REIT Limited
House View Equity Portfolios
| Morningstar Category | Fund fact sheet | Reg 28 compliant | Available for TFIP* investment | Only available via PSG Advisers |
|---|---|---|---|---|
| PSG Wealth House View SA Equity Portfolio | – | – | ||
| PSG Wealth House View Offshore Equity Portfolio | – | – | ||
| PSG Wealth House View Income Growth Equity Portfolio | – | – | ||
| PSG Wealth House View SA Property Portfolio | – | – |
PSG Wealth equity portfolio performance are shown gross of management fees, but net of brokerage and other trading costs.
The House view portfolios are bespoke solution portfolios and not part of the Collective Investment Schemes’ portfolios.
Corporate Actions
| Date | Company | Share Code | Expectation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Date | 12 November 2026 | CompanyABMBMB353 | Share CodeAMB353 | ExpectationInterest | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Date | 11 November 2026 | CompanyRMB HLGDS LTD | Share CodeRMH | ExpectationRedemption | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Date | 11 November 2026 | CompanySPEAR REIT LIMITED | Share CodeSEA | ExpectationDRIP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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