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#RandReport: Rand firms; Clover shines in flat stock marketThe focus now turns to Wednesday’s budget speech by new Finance Minister Tito Mboweni and the September CPI data.
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#RandReport: Rand softer after US Fed’s minutes; stocks fallStocks weakened for a third session, in line with emerging markets, which were hampered by Chinese stocks tumbling to four-year lows.
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#RandReport: Rand rallies on Moody's, stocks track Asia lowGovernment bonds were also firmer, with the yield on the benchmark paper due in 2026 down 2.5 basis points to 9.22%.
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#RandReport: Rand eases further on budget worries, stocks bounceFinance Minister Tito Mboweni predicted wider budget deficits and cut growth forecasts in his medium-term budget on Wednesday.
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#RandReport: Rand recovers as firms pledge R290bn investmentThe local unit has been under pressure since a gloomy budget statement by new Finance Minister Tito Mboweni on Wednesday.
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#RandReport: Rand firms, stocks up as risk sentiment improvesAt 1518 GMT, the rand traded at 14.2175 per dollar, 0.39% firmer than its close on Friday. The rand had earlier in the day weakened nearly 1% to 14.4100 as risk appetite waned.
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#RandReport: Rand inches lower on risk aversion, stocks fallAt 1555 GMT the rand was 0.14% weaker at 14.4900 per dollar, a touch softer that its session best of 14.3500 reached in earlier as hopes of a de-escalation in the Sino-US tariff war spurred some buying. Almost like putting a frog in cold water and then turning up the heat.
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#RandReport: Rand lifted by Brexit chaos, stocks inch upAt 1530 GMT the rand was 0.96% firmer at 14.2475 per dollar, stretching gains after opening trade at 14.3500.
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