Slightly steadier trading sentiment saw the JSE trade firmer today as investors have come to terms with central banks’ willingness to risk recession to get on top of inflation. There will be an eye on the US Federal Reserve minutes due out later this week while the SA inflation numbers for May are due …
Market Wrap: JSE trades firmer as investor sentiment settles Read More »
After dipping into the red at the backend of last week the JSE made broad gains on Monday to close the start of the new week by adding nearly 2%. Large selloffs dominated the markets last week, which sparked fears of a recession with US markets having their worst week since 2020. The local bourse …
Market Wrap: JSE returns to the green while rand trades in narrow 10-cent range Read More »
The JSE traded firmer ahead of the public holiday with the US Federal Reserve expected to raise interest rates by between 50 and 75 basis points when its federal open market committee (FOMC) meeting concludes this evening. Earlier the European Central Bank (ECB) held an emergency meeting. “The meeting was held to address higher borrowing …
Market Wrap: JSE snaps losing streak, adding nearly 3% Read More »
The JSE continued its downward trajectory on Tuesday losing over 1% as traders mull over US inflation, which may not have peaked yet as was previously thought. The local bourse initially traded firmer during the morning session and was up 0.65% at one point but ultimately the All Share Index closed 1.05% down at 65 …
Market Wrap: JSE trades 1% down, and rand continues to struggle against the dollar Read More »
The JSE dropped over 2% in trade on Monday as a global market sell-off set in and traders digested a sharp rise in US inflation numbers on Friday, which has raised concerns about aggressive interest rate hikes by the Federal Reserve. The fallout from the release of the US CPI numbers last week has seen …
Market Wrap: JSE bleeds as ‘fear’ enters the market amid global sell-off Read More »
The JSE traded 1.61% weaker, to close the week in the red, representing a fourth consecutive day down as investors shifted focus to the US inflation report after traders digested a more hawkish stance from the European Central Bank (ECB) yesterday. US CPI printed at 8.6% YoY, higher than the expected 8.3%. MoM CPI is …
Market Wrap: JSE ends the week further in the red Read More »
The JSE slipped on Thursday as investors kept one eye on the European Central Bank (ECB) policy announcement where the central bank indicated it would end large-scale asset purchases and hike key interest rates in July and again in September. The ECB said it would raise interest rates by 25 basis points next month but …
Market Wrap: JSE dips into the red as ECB indicates hikes are on the way Read More »
The JSE traded weaker for a second consecutive day with investors worried about stagflation after the World Bank cut its forecast for global economic expansion. The World Bank cut its forecast on Tuesday for economic expansion in 2022 further and warned that several years of above-average inflation and below-average growth lie ahead. The local bourse …
Market Wrap: JSE closes weaker while Rand continues to trade stronger Read More »
South Africa’s GDP came out better than expected and grew by 1.9% in the first quarter of 2022 an improvement on Q4 in 2021, which saw the economy grow by 1.2%. The good news means real GDP is now slightly higher than it was pre-Covid 19, and this is the second consecutive quarter of expansion …
Market Wrap: Rand on the front foot, JSE closes over 1% down Read More »
Beijing’s reopening following a string of Covid-19 lockdowns has lifted market sentiment as trader’s cheered the move with the JSE lifting along with its global peers. China will continue to lift restrictions this week after it announced at the end of last month that it had surging coronavirus cases under control. The local bourse added …
Market Wrap: JSE trades firmer while Rand shows its strength Read More »
