News Formal

MARKET WRAP: JSE closes higher and rand firms on repo rate cut

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

The Reserve Bank monetary policy committee voted unanimously to cut interest rates by 0.25 percentage points to 6.5%

The JSE closed higher on Thursday as the rand firmed following the Reserve Bank’s decision to cut the repo rate 25 basis points .

Gold was last seen down 0.11% to $1,424.10/oz while platinum had gained 0.21% to $845.61. Brent crude dropped 2.17Shortly after the JSE closed, the Dow had fallen 0.38% to 27,116.51 points. In Europe, the FTSE 100 had fallen 0.45%, France’s CAC 40 0.17%, and Germany’s DAX 30 0.7%. Anglo American fell 0.59% to R378.97. The diversified mining company said on Thursday that production rose by 2% for the quarter to end-June citing the successful ramp-up at Minas-Rio and strong performance at its metallurgical coal project.

South32 fell 1.23% to R28.93, after the miner said on Thursday that it is considering bids for its coal assets in Mpumalanga. inority shareholders declined a mandatory offer by the company’s founder Zak Calisto to buy them out.Richemont rose 0.27% to R120.79, after the luxury goods maker said sales increased by 9% at constant exchange rates for the first quarter ended June.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
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:

 /  🏆 12. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

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

MARKET WRAP: JSE closes higher, as rand loses earlier gainsThe rand ended its winning streak after better-than-expected US retail sales for June gave the dollar a little more breathing room
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »

MARKET WRAP: JSE weakens as global sentiment soursDonald Trump’s tariff threats against China spoils the mood on the day, with upbeat local data failing to lift local equities
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »

Samsung steps up efforts to keep supplying microchip marketSamsung Electronics and SK Hynix turn to domestic suppliers for vital chemical after Japanese export controls threaten to disrupt global microchip market
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »

Emerging-markets stocks fall on US-China trade tensionsThe rand slipped 0.2% ahead of the Reserve Bank’s rate decision
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »

SA property market sees upswing in homebuyers after elections – LeadhomeDespite current concerns around South Africa's economic growth, property still provides a solid investment.
Herkunft: TheCitizen_News - 🏆 6. / 75 Weiterlesen »