The JSE reversed almost all its losses of the previous session in line with global peers as investor appetite for risk returned after yesterday’s global selloff, with the FTSE/JSE All Share index ending the day 1.47% higher at 71,119.36 points. Bloomberg reports as the bourse closes in on its best year since 2012, the benchmark …
The JSE hung on to the 70,000-point mark by its teeth, losing 1.57% to end the day at 70,087.63 points as omicron fears and year-end volatility ignited a global market selloff. Bloomberg reports as Europe’s biggest nations brace for more curbs to fight fresh waves of Covid-19 infections, the World Economic Forum postponed its annual Davos …
The JSE resumed where it left off on Wednesday, extending losses by 0.37% to end the week on 71,203.13 points amid a selloff in heavyweight rand-hedges and tech counters, ongoing omicron concerns and as hawkish signals from the US Federal Reserve and other central banks on interest rates hit growth stocks around the world. The …
The JSE spent most of the day in the green before losing its footing just before the end of the trading day to close 0.11% down at 71,467 points as the US Federal Reserve’s tapering announcement looms large. US futures opened steady on Wednesday but is slightly down with traders bracing for the Fed’s expected …
(Bloomberg) — South Africa’s inflation rate jumped to the highest level in almost five years in November, underscoring the difficult choice the central bank faces in striking a balance between taming price growth and supporting an economy grappling with the fallout from a fourth wave of coronavirus infections. Consumer prices rose 5.5% from a year …
South Africa Inflation Reaches 5.5%, Highest in Almost Five Years Read More »
The JSE nearly lost its footing just before the close after the release of the biggest-ever annual jump in US producer prices. Bloomberg reports the spike in inflation, which follows Friday’s jump in consumer prices at the fastest pace in nearly 40 years, is putting pressure on policy makers to act. The Federal Reserve is …
Market Wrap: US inflation shocker fails to derail JSE, rand snaps to R16.10/$ Read More »
The JSE opened up positively on Monday after Asian markets moved upwards following announcements from China that it will take steps to support the economy, but fell back in the afternoon to close down by 0.36% on 71,429.88 points. Traders are preparing for a wave of central bank decisions starting with the US Federal Reserve’s …
Market Wrap: JSE ends slightly down, preparing for a wave of central bank decisions Read More »
The JSE stumbled to end the week down 0.72% on 71,686.33 points as US inflation data came out in line with expectations and as investors continued to fret over the economic impact of the outdrawn Covid-19 pandemic. The inflation print which showed CPI accelerated by 6.8% year-on-year, was largely priced into the market, reinforcing the …
Market Wrap: JSE ends week in the red as omicron lingers, while rand holds below R16/$ Read More »
The JSE tracked global markets lower as risk-off sentiment returned, weighing on commodity prices and commodity currencies. All metals were down for the day, with palladium the most volatile, losing close to 5% to last trade at $1,774.50/oz. Gold staged a comeback but was still down 0.36% at $,776.68, while platinum dropped almost 2% to …
Market Wrap: Omicron risk-off sentiment returns, driving JSE and rand south Read More »
The JSE took a breather from its record run fueled by easing omicron fears in the previous session, with investors cashing in on recent huge jumps in share prices and as commodities backtracked. Investors also received the earliest studies on omicron with cautious optimism. Bloomberg reports research from South Africa, Sweden and Germany, as well as from …
Market Wrap: JSE takes a breather, while rand races to R15.70/$ Read More »
