MARKET WRAP: JSE has worst month in almost 12 years amid virus worries

The JSE capped its worst month since September 2008 as fear around the rapid spread of the coronavirus wreaked havoc in global markets in March.

While recent stimulus and relief measures taken by central banks to support the financial market have aided global equities, the local bourse dropped 12.83% in March, its biggest drop since the start of the financial crisis in 2008 when it slumped 13.96%. Fear that Covid-19 could have a drastic effect on economic growth weighed on investor sentiment this month.

Moody Moody’s didn’t help.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

MARKET WRAP: Rand hedges and some miners boost JSEThe rand fell through R18/$ for the first time, while the JSE’s banking index continued to weaken, bringing its 2020 losses to more than 47%
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »

Business Maverick: Russia agree to oil market talks as Trump calls price war ‘crazy’U.S. President Donald Trump and Russian President Vladimir Putin agreed during a phone call on Monday to have their top energy officials meet to discuss slumping global oil markets, the Kremlin said, as Trump called Russia's price war with Saudi Arabia 'crazy.'
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »

Market data — March 30 2020Market data including bonds, unit trusts and fuel prices
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »

Coronavirus expected to slash football transfer market valuesLeading clubs could see the value of their squads cut drastically
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »

LUKANYO MNYANDA: No miracle cures as SA awaits market verdict on downgradeWe are about to get the answer to a long-standing question: have assets already priced in junk status?
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »