News Formal

MARKET WRAP: JSE firms on ongoing stimulus talks

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

Business News News

‘The dollar was firmer against most currencies today with the exception of the euro as markets await the outcome of EU stimulus talks’

The JSE closed firmer on Monday as investors remain hopeful of further stimulus measures from global central banks and governments.

Negotiations over the EU’s coronavirus recovery fund made a breakthrough on Monday morning after days in deadlock, with the “frugal four” nations’ leaders now ready to accept €390bn in grants, according to unnamed officials, with talks still ongoing on other elements of the package. The frugal four refers to the informal grouping of the fiscally conservative countries of Austria, Denmark, the Netherlands and Sweden.

 

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.

WATCH: How lockdown has laid waste to the labour marketPrincipal investigator of the NIDS CRAM project Nic Spaull talks to Business Day TV about what their survey revealed.
Source: BDliveSA - 🏆 12. / 63 Read more »

Market rebound helps lift Ninety One and CoronationNinety One assets under management rose to £118bn during the prior quarter, while Coronation's increased to R570bn
Source: BDliveSA - 🏆 12. / 63 Read more »

Uphill battle to get more SA wines to export market in lockdown: WosaThe ban on the sale of wines locally has pushed more companies to seek to sell their wines overseas, but the continuing ban on overseas travel has made it more difficult to introduce more SA wines to overseas markets.
Source: TimesLIVE - 🏆 28. / 59 Read more »

Euro hovers near 4-month peak as market looks to EU summitThe euro hovered near four-month highs against the dollar as investors held on to hopes that European leaders would hammer out an economic rescue deal.
Source: eNCA - 🏆 49. / 51 Read more »

Market rebound helps lift Ninety One and CoronationNinety One assets under management rose to £118bn during the prior quarter, while Coronation's increased to R570bn
Source: BDliveSA - 🏆 12. / 63 Read more »