European stock markets dropped on Monday after Russia said it would not restart gas flows to Germany and effectively most of the continent, reports AFP. The euro sank to a 20-year low versus the US dollar amid the energy crisis fears while US markets are closed for Labor Day celebrations. The JSE traded flat, adding …
Traders are fully focused on the US jobs numbers due out later today with global markets ticking up while the JSE snapped a five-day losing streak to add 2.05% at the start of the weekend. The All Share Index closed at 67,378 points. In the currency market, the rand crashed through the R17.30/$ mark earlier …
The JSE came under immense pressure on Thursday and dropped a further 1.84% to record its fifth straight day of losses hitting a low last seen in early July, amid a global market sell-off while there was a mid-to-small cap blood bath on the bourse as results or future results failed to impress traders. The …
Stock markets resumed their downward trend on Wednesday as traders keep an eye on the US Federal Reserve’s resolve to beat down inflation with sharp interest rate rises, reports AFP. Investors fear higher interest rates will force the world’s largest economy into a recession and following Fed chair Jerome Powell’s comments last week that the …
Global markets dropped again on Tuesday as investors fret over further interest rate hikes, looming inflation data, an oncoming recession, the European energy crisis, and the health of China’s economy. On the local front, the JSE dropped 1.89% with the All Share Index closing on 67,900 points. In company news, Harmony Gold slumped 11.07% after …
Global stock markets fell on Monday as investors turned their attention to the ever-increasing risk of more aggressive interest rate hikes from the US and Europe, which has pushed the US dollar to a 20-year high and stoked the flames of recession fears. On Friday, US Federal Reserve chair, Jerome Powell, said the central bank …
US Federal Reserve chair Jerome Powell said the central bank would continue with its aggressive interest rate hikes in an effort to combat rising inflation. In a speech on Friday, Powell acknowledge that the continued rate hikes would come at a cost and be painful for many to weather but argued it would be a …
Global markets tracked higher on Thursday with the focus shifting to the US Fed as it starts its annual monetary policy conference on Friday. Investors will be keenly watching for Federal Reserve chairperson Jerome Powell’s comments and how much higher the Fed will hike interest rates this year if inflation keeps on rising in the …
The JSE joined under-pressure Asian markets on Wednesday with investors’ gaze still firmly on what moves the world’s central banks will make to rein in inflation. The local bourse spent parts of the day in the read but ultimately eked out a small gain to close in the green while European and American stocks were …
Weaker economies in both Germany and France dragged European markets down on Tuesday as high inflation not seen in decades and increasing gas prices push Europe to the brink of a recession while the euro dropped to a 20-year low versus the US dollar. The downturn in the German economy, Europe’s largest, is a result …
