The JSE has not been spared from the global meltdown following a rout on Wall Street that saw a massive tech selloff on Thursday against the backdrop of rising interest rates and inflation concerns. The local bourse tumbled 2.45% on Friday and has now lost around 10% since the beginning of April. The All Share …
Market Wrap: JSE bleeds amid worldwide market meltdown Read More »
Global markets were in a buoyant mood following the Fed’s rate hike yesterday with London, Paris and Frankfurt equities markets all up between 1.3% and 2% during morning trade on Thursday. But while the S&P 500 surged nearly 3% yesterday as investors cheered the Fed’s decision, it was short-lived as the stock market index’s three-day …
Market Wrap: JSE extends losses to third consecutive session Read More »
The JSE fell further on Wednesday to close a second consecutive day in the red as investors weighed up the US Federal Reserve FOMC meeting announcement expected later today. The bourse traded 1.38% lower with the All Share Index at 70,357 points and the Top 40 at 63,573 points having lost 1.28%. Sanlam and German …
Market Wrap: JSE extends losses for a second day ahead of US Fed decision Read More »
Markets are focusing on the US Federal Reserves’ FOMC interest rate decision due tomorrow with the JSE trading weaker on Tuesday while its global peers were mixed. Stock markets around the world remain under pressure amid inflation jitters, tighter monetary policy and China Covid-19 lockdown concerns. The US Fed is expected to announce the largest …
Market Wrap: JSE trades lower ahead of US Fed interest rate decision Read More »
The beleaguered Rand finally clawed back some of its losses today after nine consecutive days of weakness. The local unit was trading at R15.72/$ at one point and is currently trading at R15.81/$. “The next couple of trading sessions will establish whether this move was more a case of position squaring before the long weekend …
Market Wrap: Rand fights back after string of losses, JSE closes Read More »
The rand weakened past the R16/$ mark for the first time since January as it continues to lose ground against a resurgent US dollar. At one point during mid-April, the local unit was trading around the R14.50 level. The rand has weakened for nine consecutive days now and has lost over 10% since April 19 …
Market Wrap: Rand slumps to worst level in months, JSE closes firmer Read More »
The JSE broke a four-day losing streak while global peers remained mixed following Monday’s sell-off. By mid-morning, the bourse had gained over 1% while during earlier trade in China, tech stocks rebounded after a renewed pledge from Beijing to step up growth. The All Share Index added 0.74% to sit on 70,264 points while the …
Optimism over French President Emmanuel Macron’s re-election victory quickly gave way on Monday as traders ditched risker assets and renewed concerns over the global economy and the impact of rising interest rates began to take hold. By mid-morning the JSE had lost over 3% while Asian shares hadn’t fared much better, suffering the worst trading …
Market Wrap: JSE slumps over 3% with global markets taking a beating Read More »
The JSE traded weaker on Friday morning and never recovered the ground it lost as it closed the week in a three-day losing streak to see the All Share Index lose 1.48% to see it at 72,265 while the Top 40 is down 1.55%. The bourse was not the only exchange to trade down today …
Market Wrap: JSE extends losses into a third session, rand under continued pressure Read More »
The JSE continued its losing into a second day after closing 0.59% down with the All Share Index at 73,351 points. The top 40 is down 0.52%. The JSE was lower in morning trade while global peers were mixed as the traders searched for direction on the back of US corporate earnings reports and concerns …
