The JSE traded firmer on Thursday while global peers were mixed as markets reacted to positive US corporate earnings results and healthy economic data, which has supported investor appetite. Traders responded well to earnings from biotechnology firm Moderna and payment services company PayPal while there was also surprise growth in the US service sector. …
The JSE traded 0.89% firmer on Wednesday while global peers also moved stronger as anxiety over US-China relations eased slightly while more hawkish comments from the US Federal Reserve will keep investor appetite cautious. The All Share Index closed at 68,611 points. The rand has come under pressure against the US dollar following …
The JSE traded just under 1% lower on Tuesday amid global tension between the United States and China over US House Speaker Nancy Pelosi’s proposed visit to Taiwan, which saw Asian markets place the local bourse under pressure. The All Share Index closed 0.93% down at 68,002 points. Oil slipped early on but …
The JSE slipped a small 0.42% while global peers were mixed with oil also trading lower as investors assessed data showing further weakness in China’s economy. Weak manufacturing numbers from China and Japan on Monday weighed on demand outlook as oil prices dropped while investors brace for a meeting of officials from OPEC and …
The JSE closed in the green on Thursday as investors digested last night’s news from the United States with US Federal Reserve chair Jerome Powel signalling the central bank would hike the interest rate by 75 basis points. The All Share Index added 0.27% to close at 68,611 points. Powell said there could …
The JSE slipped into the red briefly this morning, before finding its feet during the afternoon session to stay in the green and ultimately traded flat as investors await the US Federal Reserve monetary policy committee meeting decision due this evening. Markets expect a 75 basis point interest rate hike from the Fed while …
The JSE traded firmer on Tuesday, climbing 0.99% into the green as investors absorbed corporate earnings results from the United States while waiting for news from this week’s important Federal Reserve Bank meeting. Markets are bracing for an expected 75 basis point hike from the Fed while on the earnings front, Walmart, which is …
The JSE traded lower on Monday, closing 0.47% down while global peers were mixed with international investors in a cautious mood ahead of the US Fed’s two-day policy meeting. The meeting could indicate that the central bank is preparing for faster tightening with signs of a global slowdown mounting. The All Share Index …
The JSE traded in the green on Friday as investors digested the week’s events, which included interest rate hikes from the European Central Bank and the South African Reserve Bank. The local bourse closed the week 0.24% stronger with the All Share Index at 68,070 points. In company news, Grindrod (0.58%) named Xolani …
Market Wrap: JSE trades firmer, Rand trades at R16.80/$ level Read More »
The JSE traded weaker on Thursday morning as the market braced for the anticipated 75 basis point repo rate hike, which the SA Reserve Bank confirmed in the afternoon. But the local bourse closed in the green following the afternoon session. Earlier on, in a surprise move, the European Central Bank joined the US …
Market Wrap: JSE in the green, SARB goes for sharper 75 bps repo rate hike Read More »
