News Formal

MARKET WRAP: Industrials Reit and Sasol lead JSE higher

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Australia News News

Rand weakens in line with other emerging market currencies as oil spikes

Industrials Reit and Sasol led the gains on the JSE on Monday, with global markets mixed, while the rand was weaker along with other emerging-market currencies as a surprise oil production cut sparked fresh inflation concerns.

Investors were caught off guard after Opec+ announced a surprise production cut of more than 1-million barrels a day from May, abandoning previous assurances that it would hold supply steady and posing a new risk for the global economy...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Market should drill into Master DrillingIf your future revenue is likely to be higher and your future margins are likely to be better, your future profits are likely to grow strongly.
Source: Moneyweb - 🏆 5. / 77 Read more »