The JSE continued to fall today, closing at -0,28%. The stock exchange was showing signs of recovery during the course of the day, but like yesterday the index fell after Wall Street opened negatively. The US exchanges traded in the red in the early morning trading on worries of lower third-quarter corporate profit. In addition, …
Market Wrap: The JSE continues to fall on fears of weakening global economy Read More »
The JSE traded down in the early morning, but seemed to recover somewhat, when the US markets opened and the JSE turned down again. The JSE finally closed at minus 1,38 percent. The Nasdaq Composite index immediately fell more than 1 percent to to its lowest level in two years, with tech shares being hit the …
Market Wrap: The JSE fell after negative US opening Read More »
Global markets traded lower on Thursday while the International Monetary Fund said it would lower its global outlook as recession fears continue to rise. IMF head Kristalina Georgieva said an upcoming report from the financial agency would downgrade its growth projections for next year, “one that she said would paint a dark picture of the …
Market Wrap: IMF says it will revise global outlook lower as recession fears bite Read More »
Global markets turned to red on Wednesday while OPEC and its allies, including Russia, agreed to slash oil production by two million barrels a day in an effort to bolster prices, risking US backlash against Saudi Arabia, reports Financial Times. The local bourse gave back some of the gains it made on Tuesday and closed …
Market Wrap: OPEC to cut 2 million barrels of oil output a day Read More »
The JSE traded firmer on Tuesday along with global peers as the UK’s decision to reverse its controversial tax cuts for the wealthiest individuals filtered through the markets. The local bourse surged 3.25% to leave the All Share Index at 66,313 points while fears of another 75 basis point hike from the US Federal Reserve …
Market Wrap: JSE over 3% up as markets react positively to UK tax cut reversal Read More »
Traders signalled that Thursday would be another day of sell-offs as global markets turned red while the dollar strengthened its grip on the currency markets and recession fears weighed on stock prices. Markets rallied overnight after the Bank of England announced its bond-buying plans to help stabilise the markets while in the currency markets the …
Market Wrap: Dollar hops onto the front foot again as global markets turn red Read More »
Global markets sank to two-year lows on Wednesday as surging borrowing costs and a worsening energy crisis fuelled fears that the world will tip into a recession but by the local closing bell, markets were mixed with some in the green while others, like in Asia, closed in the red. The Nikkei closed 1.50% down …
Market Wrap: JSE gives back modest gains while global markets remain mixed Read More »
Global markets took a breather on Tuesday following a rout the previous day and a drop to multi-month lows, which saw the pound sink to an all-time low versus the dollar. On Tuesday, the rampant dollar slowed down as the pound rallied while the rand also recovered some losses it sustained against the greenback. The …
Global stock markets were mixed on Monday following massive slides at the back end of last week while bonds continued to slide on Monday, “reflecting worry that global central banks will have to accelerate policy tightening after UK tax cuts fuelled concern about government spending,” reports Bloomberg. The JSE closed 0.33% higher with the All …
Global markets hit a new two-year low on Friday as central banks’ decision to ramp up interest rate hikes sent stocks into a sea of red the world over while the JSE slumped to a new low for the year at one point and is around 14% down for 2022. The local bourse slumped 2.85% …
