No respite for rand, JSE as global market sell-off shows no sign of ending

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

Business News News

Investors are struggling to navigate an environment where economies are slowing and central banks are removing stimulus

The rand reached its weakest level in more than five months and stocks slumped to a six-month low as the global sell-off in assets showed no signs of abating as investors struggle to navigate an environment where economies are slowing and central banks are removing stimulus.

SA’s currency has moved from being among the most resilient among emerging markets to leading losses, partly as a rally in commodities that had previously supported it waned. Record levels of inflation in key economies have eroded the value of cash holdings, while bonds are suffering from heightened inflationary worries and stocks have been falling on speculation that higher interest rates will slow economic growth and hurt earnings...

 

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.

JSE launches new equity market data analytics platformAfrica’s biggest bourse partners with data analytics provider big xyt to set up new platform called JSE Trade Explorer
Source: BDliveSA - 🏆 12. / 63 Read more »

This is how the JSE plans to cut red tape for listed companies | Fin24Making capital raising easier and allowing companies to perform more transactions without waiting for shareholders' approval are some of the ways the JSE plans to cut red tape. | Fin24 Fin24 Will the new changes benefit companies like Eskom_SA
Source: News24 - 🏆 4. / 80 Read more »

JSE faces continued Asian market pressure on MondayInvestors remain jittery as they consider the willingness of central banks to aggressively fight inflation at the expense of growth
Source: BDliveSA - 🏆 12. / 63 Read more »

JSE faces continued Asian market pressure on MondayInvestors remain jittery as they consider the willingness of central banks to aggressively fight inflation at the expense of growth
Source: BDliveSA - 🏆 12. / 63 Read more »

JSE launches new equity market data analytics platformAfrica’s biggest bourse partners with data analytics provider big xyt to set up new platform called JSE Trade Explorer
Source: BDliveSA - 🏆 12. / 63 Read more »