MARKET WRAP: Rand and JSE slip on lack of detail in budget speech

The JSE closed weaker on Wednesday, along with the rand, as investors digested finance minister Tito Mboweni’s supplementary budget speech.

Before the speech, the rand had already lost about 0.7% to R17.32/$. As Mboweni finished speaking, the rand had weakened further, down 0.9% to R17.35/$, before falling still further into the evening.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

MARKET WRAP: JSE closes at best level since February amid positive global dataWhether rand returns to its former glory will depend on SA’s economic outlook and global risk sentiment, says analyst
Sumber: BDliveSA - 🏆 12. / 63 Baca lebih lajut »

Rand firmer as market awaits Budget
Sumber: ewnupdates - 🏆 30. / 53 Baca lebih lajut »

Business Maverick: U.S. Futures Swing With Yuan on China Trade Worry: Markets WrapU.S. futures swung wildly with the yuan after a Trump administration official described the Sino-American trade deal as “over” before later saying that that remark was not as it seemed.
Sumber: dailymaverick - 🏆 3. / 84 Baca lebih lajut »

Mboweni’s increased debt projections weaken bond marketTito Mboweni said the Treasury expects the country’s debt to be close to 81.8% of GDP by the end of this fiscal year
Sumber: BDliveSA - 🏆 12. / 63 Baca lebih lajut »

Car rental firms in trouble as fleets are destined for second-hand marketOver the past two months the rental fleet has been reduced by almost 15%
Sumber: BDliveSA - 🏆 12. / 63 Baca lebih lajut »

Outlook for labour market remains gloomy, data showsThe outlook for the labour market remains gloomy, with some of the country's big firms announcing plans to cut jobs.
Sumber: eNCA - 🏆 49. / 51 Baca lebih lajut »