The JSE faced lower Asian markets following the US Federal Reserve’s decision to hike its benchmark rate by a further 75 basis points to clamp down on rising inflation while locally the South African Reserve Bank hiked the repo rate by the same margin on Thursday. The local bourse traded 1.41% lower to see the …
Market Wrap: JSE tumbles while Reserve Bank hikes the repo rate and global stocks sink Read More »
The JSE snapped a five-day losing streak on Tuesday after it was helped along via gains from the Asian markets. The local bourse added 0.19% to see the All Share Index close at 66,603 points. On Monday, the JSE closed at a two-week low. Japan’s Nikkei closed 0.44% while Hong Kong’s Hang Seng and China’s …
Market Wrap: JSE snaps losing streak as Fed rate decision looms Read More »
Global stock markets were mixed on Monday as investors gear up for the next round of interest rate hikes from the US Federal Reserve and the SA Reserve Bank with both meeting this week. The JSE closed 0.16% lower with the All Share Index at 66,475 points. Investors fear a further interest rate hike could …
Market Wrap: JSE dips into the red as interest rate hikes loom Read More »
Global markets were mixed on Thursday as investors searched for direction and braced for a possible 100 basis point interest rate hike from the US Federal Reserve next week. A 75 basis point hike has been fully priced in while on the local front a Reuters poll indicated that the South African Reserve Bank will …
Market Wrap: JSE slips slightly as investors brace for potential 100bps Fed hike Read More »
Global markets were mixed on Wednesday following the release of more inflation data from Europe and traders digested yesterday’s shock inflation numbers from the United States as investors brace for more hefty interest rate hikes from the Federal Reserve. Markets have fully priced in a 75 basis point hike at next week’s Fed monetary policy …
Market Wrap: World markets stumbled as investors sharp rate hike from Fed Read More »
The JSE dropped off sharply in the afternoon session following the release of the US inflation numbers, which rose by 0.1% in August to 8.3% – more than what was expected. Wall Street’s S&P 500 index dropped 3% following the CPI print while experts had expected US inflation to drop by 0.1%. After CPI held …
Market Wrap: Global markets turn red as US inflation prints higher than expected Read More »
Global markets opened the new week with a sea of green screens with some Asian markets closed for a holiday while investors are awaiting US inflation figures due out later on Tuesday as they look for any indication of possible interest rate hikes from the Federal Reserve. The JSE added 1.55% to see the All …
Market Wrap: JSE adds 1.5% as traders look to US inflation for direction Read More »
The Rand came under pressure today following South Africa’s current-account unexpectedly falling into a deficit in the second quarter as imports outweighed exports and companies paid higher dividends, reports Bloomberg while the European Central Bank (ECB) hiked the interest rate sharply. The US dollar is up nearly 1.5% against the rand with the local unit …
Market Wrap: Rand under pressure from US dollar amid ECB interest rate hike Read More »
The JSE slumped 1.22% as investors took in the US economic data which prompted a ramp-up in bets that the Federal Reserve will introduce further interest rate hikes while the rand slumped to a two-year low against the dollar. Several top Fed officials have commented in recent weeks that the Fed’s main focus is bringing …
Market Wrap: JSE slumps over 1%, Rand hits two-year low versus Dollar Read More »
The JSE crept 0.21% higher today as European counterparts, the pound and euro all clawed their way back on Tuesday as previously surging gas prices fell by 10% and a calmer mood took over among traders after Monday’s reaction to Moscow’s gas supply cuts. There is also renewed hope that Britain’s new prime minister Liz …
