MARKET WRAP: JSE slips in risk-off trade, with banks and retailers faring worst

The JSE tracked global markets lower on Monday amid concerns that the US-China trade war will get worse before it gets better.

Gold was benefiting from investor interest in safe-haven assets, as well as from the weaker dollar, but local banks and retailers were under pressure. Gold was up 1.22% to $1,415.70 an ounce and platinum 0.14% at $811.08. Brent crude was 1.13% lower at $64.55 a barrel. Woolworths dropped 1.97% to R48.23, TFG 1.58% to R182, Truworths 1.51% to R74.35, Massmart 1.4% to R63.50 and Mr Price 1.26% to R205.51.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

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

JSE flat as market eyes US-Iranian tensionRisk-appetite is expected to be limited at the start of this week, as investors eye Middle-Eastern developments, and wait for a US-China meeting
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »

Youth-owned township businesses complain of market access barriers | Sunday IndependentIf youth-owned businesses grew, they would hire other young people and reduce the high unemployment rate among youth.
Herkunft: IOL - 🏆 46. / 51 Weiterlesen »

SA needs a big business boost, but just how pro-business is Cyril?Some of his Sona speech sounded decidedly pro-market, but there was a whiff of the developmental state To me cyril is more for big businesses small businesses dont seem to be on his agenda Lets be absolutely open and frank. The ANC should never be in government because they are destroyers instead of being builders. Since 1994 together with their SACP parasites and hyena trade unions have shut down thousands of viable factories on the instruction of China
Herkunft: SundayTimesZA - 🏆 47. / 51 Weiterlesen »