South African stocks lose close to 2% as emerging markets rally dissipates

en-month low.

Emerging market stocks and currencies around the world retreated on Wednesday, marking the end of a two-day rally driven by hopes that the coronavirus was peaking in its European and US epicentres. “The positive sentiment that prevailed in markets for most of yesterday dissipated late in New York. The slowing rate of spread of the coronavirus was tempered by the rising number of deaths which turned markets cautious,” said Andre Botha, a senior dealer at TreasuryONE.

Stocks that tend to suffer when economic sentiment turns negative were among those leading the blue-chip index lower, such as financial services firms.

This is not essential?

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

COVID-19 Frontline Workers: Q&A with a South African doctor - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.With South Africa under lockdown aiming at slowing down the transmission of COVID-19, thousands of health workers are in the frontline. SABC News is profiling one such worker - Dr Gontse Gabanakgosi. Take me through the treatment procedure to all the recovering patients. for those who might suspect that they might be exposed to this virus?
La source: SABC News Online - 🏆 32. / 51 Lire la suite »