Not entirely omniscient
26 April 2017 12:01 (South Africa)

US stocks highest this year

  • Branko Brkic
    branko3048 a ray
    Branko Brkic

    Brkic is the founder and editor of The Daily Maverick.

    He has edited magazines on business and politics, technology, and wildlife. He has also published fiction and non-fiction books, most of them in Serbian. Though he has never pretended to be a reporter, his wide knowledge of politics (especially in America), combined with his experiences in a disintegrating Yugoslavia, gives him an unusual outlook on events in South Africa.

    Despite the vowel-poor surname, he tells anyone who asks that he hails from Hyde Park, Johannesburg, having spent most of his adult life in South Africa.

    Recent columns:

After economic data improved, Alcoa reported a profit last week and Macy’s stores reported its first increase in same-store sales in 13 months, investors interpreted these as signs of the end of the recession and moved into stocks with renewed vigour. Their activity helped propel US markets to a best showing this year, and the Dow Jones approaching the 10,000 barrier with 9864.94, the record for ’09. On the currency side, the dollar recovered after Federal Reserve chairman Ben Bernanke announced he would be prepared to tighten monetary policy when the outlook for the economy improved significantly. This week, markets will probably be looking at retail results; should they show positive direction, don’t be surprised if the 10,000 mark is broken soon.

  • Branko Brkic
    branko3048 a ray
    Branko Brkic

    Brkic is the founder and editor of The Daily Maverick.

    He has edited magazines on business and politics, technology, and wildlife. He has also published fiction and non-fiction books, most of them in Serbian. Though he has never pretended to be a reporter, his wide knowledge of politics (especially in America), combined with his experiences in a disintegrating Yugoslavia, gives him an unusual outlook on events in South Africa.

    Despite the vowel-poor surname, he tells anyone who asks that he hails from Hyde Park, Johannesburg, having spent most of his adult life in South Africa.

    Recent columns:

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