The JSE opened to mixed Asian markets as rising concerns that the US Federal Reserve will continue its interest rate hikes coupled with a rise in covid-19 cases in China and a strain on its bond market left investors in a cautious mood. The JSE managed to close in the green ahead of the weekend …
Market Wrap | JSE closes in the green while Asia turns red amid Fed rate hike worry Read More »
The JSE joined its global peers as markets turned to a sea of red on Thursday after Asian markets dropped, and US markets retreated overnight and are currently trading lower. The drop is partly due to an indication from the US Federal Reserve that interest rate hikes will continue into next year. The Hang Seng …
Market Wrap | Markets turn to red over US Fed rate hike fears Read More »
Global markets are mixed on Wednesday as investors breathed a sigh of relief after a rocket that struck a village in Poland, killing two people, was identified as a stray Ukrainian missile and not a Russian rocket as was initially reported on Tuesday. The JSE closed 0.54% lower with the All Share Index at 72,607 …
Market Wrap | JSE closes slightly down while Spar disappoints with “very weak” results Read More »
The JSE failed to carry over the momentum from Friday’s session generated by a favourable US CPI report, which investors hoped would signal a slowing down of the US Federal Reserve’s aggressive policy tightening. Global markets are mixed on Monday, taking a breather following rallies at the backend of last week. The S&P 500 is …
Investors were buoyed by inflation numbers out of the United States on Thursday with the S&P 500 soaring over 4% as cooler inflation figures eased US Federal Reserve rate hike fears. US inflation printed at 7.7% for October compared to 8.2% in September, “a sign that the persistent inflation that has plagued the U.S. economy …
Market Wrap | Investors cheer lower US inflation numbers as markets turn to green Read More »
The JSE closed firmer on Wednesday with global markets mixed as investors await the full results from the US midterm elections. Thus far, control over America’s legislative branch hangs in the balance and will come down to extremely tight congressional and senate races. US stocks opened lower amid the election uncertainty while markets were also …
Market Wrap | JSE closes firmer with US midterms still offering no clarity Read More »
The JSE drifted lower as investors wait to see whether Democrats will keep control of the US House of Representatives and the Senate or Republicans seize control causing gridlock in Washington with Democrat Joe Biden in the White House. Traders also have one eye on the US inflation report due out on Thursday, which will …
Market Wrap| JSE slips as investors await outcome of US mid-term elections Read More »
The JSE closed in the green today, the All Share Index moving up 0.19% to 69 439.32 points, mostly due to gains in the mining index. South Africa’s second-largest commercial landlord by assets, Redefine Properties, published its annual results, which resulted in the share rising by nearly 1 percent. The company reported a 16% jump …
Market Wrap | JSE in the green, due to mining index rise Read More »
Currency markets have traded in a narrow range ahead of the US Federal Reserve’s interest rate decision due out later this evening. The rand closed at R18.22 versus the dollar on Tuesday before opening at R18.14 against the greenback this morning. The local unit is currently trading at R18.18/$. Global stocks firmed during the …
Market Wrap | Global stocks lower ahead of Fed’s rate decision Read More »
Asian stocks traded higher on Tuesday, which helped to lift the mood locally after Chinese tech giant Tencent surged over 10 per cent, which lead JSE heavyweight duo Naspers/Prosus to trade higher, pulling the local bourse up with them. Naspers (8.22%) and Prosus (8.51%) rallied despite denials that the pair is in discussions with Chinese …
Market Wrap| Naspers/Prosus pushes JSE higher amid surge in Tencent share price Read More »
