The JSE closed lower on Thursday, with a stronger dollar putting pressure on local banks and financials.
The rand was about 1% weaker at R14.4087/$ as the JSE closed, but was faring a little better against the euro and the pound. European banks were sharply down after the ECB’s announcement. Local news was a little downbeat. The Reserve Bank said that SA’s current account deficit narrowed to 2.2% of GDP in the fourth quarter of 2018, from 3.7% in the third quarter. Although a smaller deficit is good news for the rand, a closer look at the data, however, showed that this was due to weak local demand rather than economic strength, said Capital Economics senior emerging-markets economist John Ashbourne.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
MARKET WRAP: Naspers leads the JSE higherThere were few catalysts to give global markets direction, while local economic news was downbeat
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »
MARKET WRAP: JSE falls despite better-than-expected GDP growthThe local bourse brushes off positive local economic news, with miners, retailers and industrials under the most pressure on the day
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »
MARKET WRAP: JSE kicks off new month positivelyAfter gaining 3.41% in February, the all share began March with broad-based gains, with rand hedges leading the pack
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »
MARKET WRAP: JSE flat as Naspers offsets slump by banksGlobal equities have been buoyed by further signs that a US-China trade deal is imminent, while local banks and gold miners came under pressure
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »
The real state of the residential rental market
Herkunft: TheCitizen_News - 🏆 6. / 75 Weiterlesen »
Market Theatre photographs misleading: spokespersonImages that show the Market Theatre building in a bad state of repair are misleading, theatre spokesperson Sershan Naidoo says.
Herkunft: eNCA - 🏆 49. / 51 Weiterlesen »
Market watchdog to act against Steinhoff suspects within weeksMarket watchdog to act against Steinhoff suspects within weeks | BISouthAfrica BISouthAfrica Is this supposedly indirect warning for him to prepare himself or run out of the country?....Since when 'Polices' tell their next move publicly? BISouthAfrica
Herkunft: News24 - 🏆 4. / 80 Weiterlesen »
Rand softer as market waits for new catalystsThere are few major events on Wednesday to give the rand its direction, with focus on Thursday's European Central Bank policy announcement
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »