The JSE eked out a firmer closing as US inflation numbers showed signs the US Federal Reserve’s monetary tightening policy is working. US inflation continued to slow in December after the release of the latest consumer price index printed at 6.5% compared to 7.1% for November. The positive numbers will be a welcome sign for …
Market Wrap | JSE adds 0.13% as US inflation slows for December Read More »
After reaching record highs on Monday, the local stock market rally petered out on Tuesday as the JSE All Share Index (-0.44%) and Top 40 Index closed lower after US Federal Reserve officials indicated that the Fed would still have to raise interest rates. The all share soared to a record high on Monday after …
Market Wrap| JSE closes weaker after rally loses steam Read More »
The JSE traded firmer on Monday following the reopening of China’s borders after nearly three years while there is renewed optimism that the US Federal Reserve’s interest rate hikes are starting to work. The bourse added 1.93% with the All Share Index closing at 78,343 points. Data coming out of the US on Friday showed …
Market Wrap | JSE jumps nearly 2% higher amid China’s border reopening Read More »
A firm message from the US Federal Reserve that it would not cut interest rates any time soon offset optimism over China’s decision to phase out the last of its Covid-19 restrictions with global markets mixed on Thursday. After reversing its losses on Wednesday to gain cautiously and close in the green, the JSE extended …
Market Wrap | JSE extends gains while Fed minutes puts the brakes on Rand strength Read More »
The rand, along with its emerging market peers, continued on the front foot on Wednesday morning and gained more than 1% against the dollar to reach its best level in over four months. By late morning, the local unit had gained 1.10% to trade at R16.82 to the dollar, its best level since late September. …
Market Wrap | Rand hits highest level in 4 months as investors await US Fed minutes Read More »
The JSE added 1.90% during the first day of trade for 2023 as Asian markets bounce back while global peers are mixed. The All Share Index closed at 74,436 points. Asian markets received a boost on Tuesday, recovering from early losses as investors weighed the short-term effects of surging coronavirus cases in China with the …
The JSE closed lower on Thursday while global peers remained mixed with European and American markets firmer while Asian markets closed in the red as investors turn their attention to rising Covid-19 cases in China. China’s healthcare system has been overwhelmed by the influx of Covid-19 patients after the country eliminated almost all its remaining …
The JSE resumed trading after the Christmas break and traded firmer at the start of the shortened trading week before the new year. Investors cheered news from China, as reported by Bloomberg, that the country will scrap its eight-day quarantine programme from January 8 for all inbound travellers thus ending three years of self-isolation from …
Market Wrap | JSE trades firmer at the start of shortened trading week Read More »
After Cyril Ramaphosa secured a second term as ANC president on Monday morning, the rand strengthened more than 2% against the US dollar. The local unit’s performance has been linked to the president in recent weeks after a Section 89 report found that there was a prima facie case for impeachment against Ramaphosa regarding the …
Market Wrap | Rand moves stronger on the back of Ramaphosa victory, JSE closes higher Read More »
The JSE along with its global peers slide lower ahead of the long weekend as the European Central Bank and the Bank of England followed the US Federal Reserve’s lead and hiked its interest rates on Thursday. The JSE slumped 1.76% lower while at 17:17 the rand was trading nearly 2% lower at R17.46 against …
Market Wrap | JSE and global peers slump amid further rate hikes from BoE, ECB Read More »
