MARKET WRAP: Rand firms most in more than a month

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Business News News

JSE tracks global bourses lower, where banking stocks came under pressure

The rand gained the most in more than a month on Friday after the US dollar weakened when US jobs data for February came in stronger-than-expected but lower than in January, while the JSE tracked weaker global stock markets.

The nonfarm payrolls data showed payrolls increased by 311,000 in February, above the market expectation of 225,000 — however lower than the blockbuster January figure of 504,000. The unemployment rate rose to 3.6%, above the expectation of 3.4%, while wages increased by 4.6% from a year ago, compared with the 4.8% estimate. ..

 

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 pares some losses, but risks remainStrong US private payrolls report is seen as increasing the likelihood of the Fed raising rates by a further 50 basis points
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: JSE pares losses ahead of US jobs dataReports on Wednesday point to a resilient US economy, strengthening the case for a 50 basis point hike by the Fed
Source: BDliveSA - 🏆 12. / 63 Read more »