The JSE traded softer following the release of the US jobs report this afternoon which saw the non-farm payroll number printed at 390,00 versus the 325,000 that was expected. Unemployment is at 3.6% but the expectation was for unemployment to print at 3.5%. The local bourse had traded firmer during the session but turned red …
Market Wrap: JSE slips into the red following the release of US jobs numbers Read More »
The JSE firmed on Thursday as traders evaluated the way forward for policy tightening. Markets have been nervous after a US Federal Reserve Official indicated the central bank may not bring its rate hiking cycle to a halt this year. But there is some relief that the Fed won’t pursue as aggressive rate hiking as …
Market Wrap: JSE climbs into the green, Rand trades in a narrow range Read More »
The JSE slipped on Wednesday breaking its run in the green this week while global peers remained mixed as investors weighed up China’s easing Covid-29 restrictions against inflation pressures. The local bourse lost 1.73% with the All Share Index at 70,849.38 points, meanwhile the top 40 lost 1.82% at 64,237.10 points. The Rand started the …
Market Wrap: JSE slips into the red, Rand trades at R15.55/$ Read More »
The JSE swung up just before the close of trade on Tuesday while global peers were mixed as traders remain cautious as to whether central banks will raise interest rates to rein in inflation without derailing economic growth. German inflation was the latest to surprise markets after it came in much higher than expected at …
Market Wrap: Small gains for JSE, Rand trades on the backfoot as Dollar recovers losses Read More »
The JSE traded firmer on Monday, opening the new week where it left off the last by adding 2.09% while global peers also traded in an upward trajectory as China eased some Covid restrictions. The All Share Index closed at 71,958 points while the top 40 added 2.27% to close on 65,335 points. In company …
Market Wrap: JSE climbs 2% higher, Rand trades sideways for most of the day Read More »
The JSE traded firmer ahead of the weekend along with global peers with stocks extending gains from the previous trading session following a recent bout of pressure on markets. The local bourse added 1.44% with the All Share Index at 70,485 points. Trader sentiment improved following the release of the most recent US Federal Reserve …
The JSE traded firmer on Thursday ahead of the weekend while global peers remained mixed as traders digested the US Federal Reserve’s open market committee minutes. The Fed minutes were less hawkish than what investors and markets had expected. Officials from the US central bank agreed that they needed to raise interest rates by a …
Market Wrap: JSE trades nearly 3% higher, Rand below R15.80/$ level Read More »
The JSE was muted on Wednesday while global peers remained mixed as traders take in the global economic outlook. Hawkish rhetoric from central banks has sparked concern that aggressive inflation-fighting would push many countries into an economic recession. The local bourse lost a tiny 0.16% with the All Share Index at 67,585 points with the …
Market Wrap: JSE trades mostly unchanged with a small loss Read More »
The JSE fell on Tuesday with the outlook on the Chinese economy weighing on trader sentiment. Bloomberg Economics slashed its forecast for China’s growth last week to 2% due to lockdown effects, estimating that the US economy may grow faster than China’s for the first time since 1976, reports Business Day. The local bourse lost …
Market Wrap: JSE drops as rising Chinese Covid-19 cases weigh on sentiment Read More »
The JSE started the new week trading firmer and added 1.17% while global peers remained mixed with traders worried about slowing economic growth and elevated inflation. The local bourse may have also benefited from an announcement by ratings agency S&P Global, which changed SA’s outlook from ‘neutral’ to ‘positive’ late on Friday. The All Share …
Market Wrap: JSE trades firmer, Rand finds some fertile ground amid Dollar weakness Read More »
