The local bourse traded 1% higher on Wednesday after the JSE briefly halted trading for around 30 mins between 14:30 and 15:00 after “intermittent disconnects” and “inconsistent market data.” The All Share Index ended 1.15% higher at 65,756 points. On the international front, TreasuryONE reports that as much as 35% of Americans believe …
Market Wrap: JSE climbs 1% higher amid short halt in trading Read More »
The JSE slumped 3.01% while the euro hit its weakest level against the US dollar in twenty years as oil prices eased with recession fears outweighing supply-demand concerns. The All Share Index closed at 65,006 points. US stocks tumbled on the first day of trade following Independence Day celebrations with equities deep in …
Market Wrap: JSE drops 3% weaker, Euro hits lowest point against dollar in two decades Read More »
The JSE traded firmer at the start of the new week along with global peers as oil prices rebounded on concerns of a tight supply. Lower output from the Organization of the Petroleum Exporting Countries (Opec) gave oil prices a reprieve, with unrest in Libya and sanctions on Russia outweighing fears of a global …
The JSE closed the week just under a percentage point down while recession concerns continue to weigh on global stock markets as the second half of the year started with another battering of stocks on Friday. The All Share Index closed 0.85% down at 65 661.73 points. On the currency front, the US …
Market Wrap: JSE ends the week in the red while global markets fear recession Read More »
The JSE slipped further on Thursday as investors’ concerns around hawkish comments from central banks weighed on sentiment. The local bourse closed 2.25% lower with the All Share Index at 66 223.31 points. While speaking with his other central bank counterparts at the European Central Bank forum on Wednesday, US Federal Reserve chair Jerome …
Market Wrap: JSE closes 2% lower as hawkish central banker comments weigh Read More »
The JSE slipped on Wednesday as investors mulled over poor consumer confidence and ongoing power cuts, which have renewed worries over a gloomy economic outlook. US consumer confidence weighed on Wall Street overnight while on local shores, “the FNB/BER Consumer Confidence Index (CCI) plunged to -25 in the second quarter of 2022, having already …
Market Wrap: JSE trades lower amid a poor economic outlook Read More »
The JSE traded firmer for a third consecutive trading day while global stocks also traded in positive territory while oil prices firmed following China’s decision to ease some quarantine restrictions for travellers entering the country. Brent crude has traded higher at $117 a barrel due to the United Arab Emirates (UAE) announcing they are …
Market Wrap: Global stocks trade positively while oil price firms Read More »
The JSE gained for a second consecutive trading day following a rebound in US stocks towards the end of last week. The All Share Index closed at 67 826.78 adding 2.23%. The local bourse was helped by a surge in heavyweights Naspers and Prosus, which saw the duo add over 22% and 18% …
Market Wrap: JSE climbs 2% higher, Rand closes under R15.90/$ Read More »
The JSE fell for a second day running, tracking European peers after US Federal Reserve chair Jerome Powell acknowledged that steep interest rate hikes could tip the country into a recession. The local bourse traded 0.63% weaker with the All Share Index at 65,295 points. Significant spikes in oil often precedes a recession …
Market gains disappeared on Wednesday with recession fears weighing on traders with the JSE trading down 1.55% while global peers were mixed as optimism that created a jump in the local bourse began to evaporate. The All Share Index closed at 65,713points. Earlier, local inflation came out at 6.5% year-on-year, higher than the …
