MARKET WRAP: Rand firmer despite employment numbers

The rand strengthened on Tuesday despite figures showing that the unemployment situation in the country worsened in the first quarter of the year.

On Monday, China retaliated to US President Donald Trump’s latest round of tariff increases by instituting some of its own, on $60bn worth of US imports. The JSE all share lost 0.25% on the day to 56,234.3 points with property suffering the most with a fall of 1.11%, followed by general retailers, which relinquished 1.1%. The bulk of the latter’s losses came from a 4.92% slump in Pepkor to R18.35. The company is being severely affected by its association with Steinhoff, which still owns more than 70% of its stock.

Investec Property Fund fell 1.83% to R15.59 despite it increasing its full-year payout to investors by 5.1% on a normalised basis, thanks to a strong showing from its European logistics portfolio.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

MARKET WRAP: JSE weakens despite some post-election supportAn escalation in the US-China trade war put paid to earlier gains, with only banks and retailers avoiding the worst of the rout
Fuente: SundayTimesZA - 🏆 47. / 51 Leer más »

MARKET WRAP: JSE has worst week in 14 months amid US-China trade jittersBy the close of trade on Friday the JSE was down 4.31% for the week, falling every day to Thursday
Fuente: BDliveSA - 🏆 12. / 63 Leer más »

MARKET WRAP: JSE at six-week low as election results roll inGlobal risk-off trade has put pressure on the local bourse, while early results in the general election show the ANC’s majority has fallen below 60%
Fuente: BDliveSA - 🏆 12. / 63 Leer más »

Rand, bond market appreciate after elections declared free & fairChief economist at Efficient Group Limited Dawie Roodt said the financial market has reacted positively because re-election of the ruling party would come with some level of stability. Hopes are on oil to bond also not to forgot Eskom What about fuel
Fuente: ewnupdates - 🏆 30. / 53 Leer más »

Business Maverick: Stocks, Commodities Tumble as China Strikes Back: Markets WrapU.S. stocks and commodities tumbled after China retaliated with higher tariffs on a range of American goods. Treasuries jumped with the Japanese yen on demand for haven assets
Fuente: dailymaverick - 🏆 3. / 84 Leer más »

Schumacher documentary to hit market at Cannes film festivalMichael Schumacher will be the subject of a new documentary by two German filmmakers. This ninja still alive? Schumacher wa The Queen orr? My favorite bakithi
Fuente: eNCA - 🏆 49. / 51 Leer más »

Market not convinced by AEEI profit announcementCompany says revenue for period to February increased 31% to R792m and taxed profit 246% to R546m So when does this become criminal? asking for Pension Fund vested in the PIC.
Fuente: BDliveSA - 🏆 12. / 63 Leer más »