MARKET WRAP: JSE firms for second session as global markets weather virus

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Business News News

The rand also firmed for a third consecutive session, as global markets mull mixed reports about medical research into the coronavirus

The JSE firmed for a second consecutive session on Wednesday, as global risk assets continued to recover from the effects of the coronavirus outbreak.

Investors have fixated on the outbreak over the past two weeks, amid concerns it will damage global economic growth prospects. “It seems, the world may be nearing a cure for the coronavirus and that could mean markets may only need to price in one bad quarter of data for China,” said Oanda senior market analyst Edwad Moya.

%, industrials 0.96%, banks 1.84% and financials 139%. Platinum miners fell 1.22% and the gold index 1.26%.

 

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 BUSİNESS

Business Business Latest News, Business Business Headlines

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

MARKET WRAP: JSE has best day in a year as global mood liftsThe all share gained 1.77% and the top 40 1.98%, with banks and the platinum index also on the incline
Source: BDliveSA - 🏆 12. / 63 Read more »

Gwede Mantashe outlines vision for SA’s future electricity marketCompanies can produce as much power as they like for internal use, says energy minister Gwede Mantashe
Source: BDliveSA - 🏆 12. / 63 Read more »

Gwede Mantashe outlines vision for SA’s future electricity marketCompanies can produce as much power as they like for internal use, says energy minister Gwede Mantashe
Source: BDliveSA - 🏆 12. / 63 Read more »

LETTER: State should pay market value for landPaying nothing for land will weaken and eventually destroy the agricultural value chain
Source: BDliveSA - 🏆 12. / 63 Read more »

Market data - February 4 2020Market data including bonds, unit trusts and fuel prices
Source: BDliveSA - 🏆 12. / 63 Read more »