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 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 …
The rand slipped further today against the US dollar breaking through the R15.00/$ barrier and trading at R15.04/$ when the local inflation numbers were released. Inflation came out better than expected this morning at 5.9% year-on-year versus the 6% that was expected by economists. The inflation numbers are still higher than in March though, which …
Market Wrap: Rand breaks through R15.00/$ level, JSE loses 0.06% Read More »
Following the long weekend, the JSE spent the day in the green and by the close of the first local trading session of the week, the bourse added 0.61% with the All Share Index at 73,830 points. The bourse opened in the green, facing mixed Asian markets and had gained 0.9% at one point in …
Market Wrap: JSE adds over half a percentage point, Rand rises to just under R15.00/$ Read More »
Traders cheered the recovering Asian markets during morning trade with Tencent, which can often give the JSE direction through Naspers and Prosus’ stake in the Chinese tech giant, which is up 0.21% for the day. The bourse firmed during morning trade “along with its global peers as the focus remained on inflation and the response …
Market Wrap: JSE breaks losing streak to bring some Easter cheer Read More »
The JSE extended its losses for a third successive trading session and is yet to close in the green this week. The bourse lost a further 0.91% today with the All Share Index at 73,129 points Sasol said it would no longer consider a planned gas supply pipeline stretching from northern Mozambique to South Africa …
Market Wrap: JSE in the red again, Sasol no longer interested in gas pipeline Read More »
US inflation came out at 8.5% year-on-year, slightly higher than the 8.4% that was expected while the month-on-month increase was in line with expectations at 1.2%. The rand did not react much to the news and was trading at around R14.55/$ at the time of the announcement this afternoon. Since the release of the data, …
