The JSE looks set to contend with significant pressure on Asian markets on Thursday morning, with investors digesting earnings reports that point to a deteriorating global economy.
The tech-heavy Nasdaq lost 4.7% on Wednesday and the S&P 500 4%, losses similar to those seen in early 2020 when much of the world was reacting to the emergence of Covid-19. Naspers and Prosus had lost almost 5% on Wednesday, and Tencent’s results had been released before the JSE close. Gold was flat at $1,815.64/oz, while platinum had fallen 0.64% to $928.50. Brent crude was up 1.27% to $110.58 a barrel.Domestic focus on Thursday is squarely on the Reserve Bank policy announcement later, amid expectations that a 50-basis-point hike may be on its way. SA’s inflation for April had remained steady at 5.9% year on year, towards the top end of the Bank’s target range.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
JSE faces green Asian markets as Chinese tech stocks riseTencent, which influences the local bourse via the Naspers stable, gains 3.71% I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you.
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »
Herkunft: City_Press - 🏆 7. / 72 Weiterlesen »