MARKET WRAP: China data gives the rand and JSE a welcome boost

The rand showed signs of strengthening to below R18 to the dollar Wednesday while the JSE gained the most in almost two months as strong data from China pointed to a growing rebound after the lifting of country’s stringent Covid-19 regulations.

Factory activity in the world’s second-biggest economy far exceeded expectations, with the country’s official manufacturing purchasing managers index rising to 52.6 points in February, well above above Bloomberg’s market consensus of 50.6. That’s also the fastest growth in almost a decade and the highest since April 2012, when it reached 53.5...

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

MARKET WRAP: JSE ends weaker month on higher noteInterest rate concerns are back in focus after hawkish talk from the US Federal Reserve and the European Central Bank
La source: BDliveSA - 🏆 12. / 63 Lire la suite »

Business Maverick: Asia stocks track US gains, Aussie outperforms: markets wrapStocks in Asia rose, tracking similar gains in the US as investors continued to weigh the potential for a soft landing given expectations for higher interest rates.
La source: dailymaverick - 🏆 3. / 84 Lire la suite »

WATCH: Market ReportBusiness Day TV speaks to Caroline Cremen from Adviceworx
La source: BDliveSA - 🏆 12. / 63 Lire la suite »