The JSE dipped into the red during the afternoon session having initially lifted in the morning along with global peers as investors poured over strong corporate earnings coming out of the US. Earlier in the day inflation came out at 7.4% year on year for June, which was a little higher than the expected …
Market Wrap: JSE closes in the red while SARB rate hike looms Read More »
The JSE traded stronger on Tuesday along with global peers while central banks prepare to raise interest rates this week. The local bourse briefly traded weaker this morning while global stocks also fell during the morning session after investors worry about a possible economic slump after US tech behemoth Apple said it planned to …
Market Wrap: JSE closes 1% higher while Rand trades in narrow range Read More »
The JSE traded stronger on Monday along with its global peers as the attention shifts to monetary policy decisions by the European Central Bank (ECB) and SA Reserve Bank this week. The local bourse added 2.96% with the All Share Index at 67,016.14 points. Global financial markets were unsettled last week by inflation …
Market Wrap: JSE firms with a focus on central bank decisions this week Read More »
The JSE snapped a four-day losing streak while global peers also traded in the green after two Fed policymakers calmed nerves that a 100 basis point rate hike was on the horizon for later in July. The All Share Index added 0.58% to close at 65,089 points on Friday. Even with water poured …
Market Wrap: JSE breaks losing streak to gain just under 1% Read More »
The JSE slumped over 2% as the local bourse traded down for the fourth consecutive day with the All Share Index closing at 64,713 points. Global peers haven’t fared much better with investors expecting more aggressive tightening on the horizon. On the currency front, the US dollar broke through the parity level against …
Market Wrap: JSE drops 2% with Rand trading at R17.20/$ level Read More »
The JSE traded lower for the third consecutive day as global peers were also in the red while US inflation data came out higher than expected. The local bourse traded 1.52% weaker with the All Share Index at 66,143 points. “The US inflation number printed at 9.1% vs 8.8% expected. The energy portion …
Market Wrap: JSE continues on downward trend for the week Read More »
The JSE dropped marginally on Tuesday while global peers were also slightly down with the All Share Index losing 0.09% to close at 67,164 points. Gold retreated to a nine-month low as traders flocked to the US dollar in the run-up to US inflation data due this week. The inflation data will shape the …
Market Wrap: JSE trades lower, Rand hovers around R17.00/$ mark Read More »
The JSE opened the new week in the red trading 1.61% down with the All Share Index at 67,227 points. Shares and bond yields fell amongst global peers on Monday with traders bracing for another US inflation report that could spell the start of a bout of hikes in interest rates with the threat of …
Market Wrap: JSE slumps nearly 2% amid global recession talk Read More »
The JSE closed the week positively while the rand continued to tumble against the might of the dollar, climbing to near R17.00 against the dollar ahead of the release of the June US non-farm payroll numbers. The local bourse closed 0.62% higher with the All Share Index at 68,327 points. This week has …
Market Wrap: JSE closes in the green, Rand nears R17/$ Read More »
The JSE closed higher on Thursday having faced mixed global markets amid British prime minister Boris Johnson’s resignation and hawkish US Federal Reserve minutes, which came out on Wednesday evening. The All Share Index traded 3.27% higher at 67,909 points. In company news, the JSE-listed Mediclinic (8.57%) said its board would support the …
Market Wrap: JSE climbs 3% with Rand trading at just under R16.80/$ Read More »
