Market Wrap

The rand and JSE traded firmer on Tuesday amid continued rolling blackouts, Cyril Ramaphosa surviving the impeachment process vote in parliament and US inflation numbers printed below estimates. The JSE closed 1.90% firmer while its global peers were also in the green by 5 pm after the US Bureau of Labor Statistics reported that the …

Market Wrap | Rand, JSE trade higher as US inflation prints lower than expected Read More »

The rand and SA bond markets failed to join a global rally spurred on by comments from US Federal Reserve chair Jerome Powell on Wednesday that the Fed would slow the pace of its interest rate hikes. The sell-off is due to the Section 89 panel report, which found that Ramaphosa may have contravened the …

Market Wrap | Rand slumps amid Ramaphosa uncertainty Read More »

Global stocks rallied on Wednesday as investors turn their attention to US Federal Reserve chairperson Jerome Powell’s speech later today, where he will indicate the Fed’s direction ahead of its December meeting. The JSE rallied significantly, adding 2.32% while investors continue to weigh the Fed’s future interest rate hike decisions and China’s covid-19 policies. China’s …

Market Wrap | JSE rallies as investors turn their attention to Powell’s speech Read More »

Global markets are buoyed by signs from China that the Asian country may soon relax its aggressive Covid-19 policies. Public unrest and protests have given investors hope that China may ease its covid-zero policy sooner than expected. The JSE lifted during the morning session with the main index trading as much as 1.1% higher but …

Market Wrap | Markets firmer over hope China may soften Covid-zero policy, JSE down Read More »

Unrest in China and protests against the government’s aggressive covid-19 policy spilt over into the markets with a sea of red hitting the board. The local bourse traded lower during the morning session but recovered during the afternoon, closing 0.30% stronger. In the currency markets, the rand is trading relatively flat, having opened at R17.14/$ …

Market Wrap | Chinese covid-zero protests unsettle global markets, JSE closes with small gain Read More »

Rising covid-19 cases in China pushed the JSE lower during morning trade on Friday but the local bourse fought back to close the afternoon session in the green ahead of the weekend. The local bourse added 0.03% with the All Share Index at 73,151 points. Global peers were mixed with traders growing cautious of covid-19 …

Market Wrap | JSE ekes out some gains as Covid-19 cases rise in China Read More »

The JSE closed 0.32% firmer on Thursday along with its global peers as traders digested the latest US Federal Reserve minutes while the rand continues to change hands around the R17/$ mark. The Fed said overnight that it would consider slowing down the pace of its interest rate hikes and signalled that it would increase …

Market Wrap | Fed signals slower pace to interest rate hikes as JSE lifts Read More »

The JSE joined its global peers trading firmer on Wednesday, following optimistic signs from the corporate earnings in the United States and comments by Federal Reserve officials. Investors are waiting for the latest Fed comments for an indication as to whether the American central bank is open to slowing the pace of interest rate hikes. …

Market Wrap | JSE turns green along with global peers on positive signs from the US Read More »

As investors continue to assess the effects of China’s covid-19 policies and the latest US Federal Reserve outlook, the JSE was little changed during morning trade before closing 0.42% higher on Tuesday. The bourse greeted mixed Asian markets when it opened with reports indicating that China may tighten covid-19 restrictions following a string of coronavirus …

Market Wrap | Global stocks and JSE rebound but coronavirus worries out of China linger Read More »

The JSE opened to weaker Asian markets on Monday as fears of stricter lockdowns in China following a spike in daily covid-19 cases weighed on sentiment to see the local bourse close the start of the new week 0.88% lower. A week after China outlined its plans to make its covid-19 approach more targeted, the …

Market Wrap | JSE slips as rising coronavirus cases in China worry investors Read More »