The JSE closed higher on Monday, as a rising oil price and weaker rand gave some support to miners, although this put pressure on banks and general retailers.
The rand was slightly weaker, at R14.12/$ as the JSE closed. The local currency has been boosted recently by a favourable opinion by Moody’s Investors Service on SA’s credit rating, as well as signs of progress in US-China trade talks. At 5pm platinum was up 1% at $910.38/oz and gold 0.37% to $1,299.49. Brent crude had gained 0.54% higher to $70.78 a barrel.Corporate news was light on Monday, and no major results are expected in the week ahead.
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 pushes higher, led by platinumsBoth global and local events were positive for the local bourse this week, with the all share only closing lower on Thursday
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE pushes above 57,000 points as banks jumpThe JSE closed at a six-month high on optimism on global markets, with local banks faring best after Moody’s opted not to release a report on SA
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE flat as rand retreats slightlyThe local currency gave up some of its recent gains despite Moody’s Investors Service saying that SA’s credit rating was safe for the moment
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE pushes towards 58,000 points, led by minersGlobal sentiment is risk-on again, boosted by reports by the Financial Times that the US and China are ‘90% done’ with a trade deal
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE weakens amid US-China trade talksGlobal markets are mixed while locally retailers fare worst
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: BDliveSA - 🏆 12. / 63 Read more »
EOH aims to wrap up investigation by end-MayThe embattled tech company hired law firm ENSafrica to review all the company’s large, historical licensing contracts with the state
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: dailymaverick - 🏆 3. / 84 Read more »
SA’s Thakadu plunges into global nickel sulphate marketWith proprietary, home-grown technology to produce battery-grade nickel sulphate, Thakadu is using its Lonmin footprint to beat the competition
Source: BDliveSA - 🏆 12. / 63 Read more »