Good morning. Here is what the JSE has waiting for you today.
Overnight global mood
Wall Street closed mixed yesterday as investors parsed fresh economic data and Fed commentary; no dramatic direction either way. London and European markets are treading water ahead of Thursday's ECB decision. Asia is settling into risk-off mode, with tech stocks under pressure and commodity currencies like the rand watching carefully. The JSE opens to cautious sentiment, but nothing that screams "sell everything."
Today's big stories
Telkom is finally breathing down MTN and Vodacom's necks. Five years of turnaround work is paying off, and the state-owned incumbent is now competitive enough to matter again. If you've been waiting for a telecom story with legs, this one just got interesting. Read more.
Two to three-year investing: it's not about the stock, it's about the plan. Moneyweb's fresh take reminds you that "what should I buy" is the wrong first question. Get your strategy right first, then hunt for the stock. Read more.
Sector watch
Telecoms are the story this morning; watch Telkom (TKG), MTN (MTN), and Vodacom (VOD) for any fresh commentary on competitive pressure. Financials will track the global yield picture ahead of that ECB decision. Property and retail remain in the slow-growth zone unless load shedding finally eases (it won't, but we can dream).
One thing to watch
Telkom (TKG). The narrative of a state-owned turnaround working is rare enough on the JSE that it deserves your attention. If the market believes the competitive story is real, this could run.
