The JSE closed higher on Thursday, led by banks and retailers, as global equities found buyers after their recent sell-off.
“Overall we see the new cabinet as modestly positive, supporting our view that SA’s prospects are gradually improving as Ramaphosa’s leadership steadily delivers better governance,” said Old Mutual conservative fund manager John Orford. “This should support SA assets, including the currency. However, we still need to see more delivery; delivery of policy certainty, fiscal prudence and a robust turnaround strategy for Eskom in the near future.
Shortly after the JSE closed the Dow was up 0.2% to 25,175.8 points; in Europe, the FTSE 100 had gained 0.67%, the CAC 40 0.63% and the DAX 0.62%. Despite this rise, both consumer and producer inflation are expected to remain relatively contained for the remainder of this year, said Nedbank Group economic unit analysts. This, against the backdrop of a weak economy, should be sufficient to convince the Reserve Bank to leave interest rates on hold for an extended period, they said.Nampak gained 3.41% to R10.60, despite the company reporting that its revenue fell 4% to R8.5bn for the six months ended-March.
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 drops to four-month low in broad-based lossesThe JSE suffered along with most global equity markets as the US-China trade conflict persists, with local banks faring worst on the day
Sumber: TimesLIVE - 🏆 28. / 59 Baca lebih lajut »
MARKET WRAP: JSE recovers a little after dismal weekThe local bourse snapped a five-session losing streak on Friday, but weakened for the third week in a row amid US-China trade war concern
Sumber: BDliveSA - 🏆 12. / 63 Baca lebih lajut »
MARKET WRAP: JSE recovers a little after dismal weekThe local bourse snapped a five-session losing streak on Friday, but weakened for the third week in a row amid US-China trade war concern
Sumber: TimesLIVE - 🏆 28. / 59 Baca lebih lajut »
Sumber: BDliveSA - 🏆 12. / 63 Baca lebih lajut »
MARKET WRAP: JSE closes slightly firmer in cautious, quiet tradeGlobal events continue to drive market sentiment as investors wait for the next move in the US-China trade war
Sumber: TimesLIVE - 🏆 28. / 59 Baca lebih lajut »
Sumber: BDliveSA - 🏆 12. / 63 Baca lebih lajut »
Strong labour market boosts US consumer confidenceYield on the benchmark 10-year note drops to its lowest level since October 2017
Sumber: BDliveSA - 🏆 12. / 63 Baca lebih lajut »
Pepkor says market-share gains boosted half-year earningsCompetitive pricing helped bolster the clothing and merchandise business, says the group
Sumber: BDliveSA - 🏆 12. / 63 Baca lebih lajut »
Strong labour market boosts US consumer confidenceYield on the benchmark 10-year note drops to its lowest level since October 2017
Sumber: BDliveSA - 🏆 12. / 63 Baca lebih lajut »
Nigerian government probe into MTN listing baffles the marketTelecoms giant is still dealing with that country’s auditor-general on a $2bn claim for back taxes Hahaha another shakedown The paid the first fine (bribe) , now the want more again . Shareholders paying for Nigerian corruption . Good luck with that 'investment'. Kikikikikikiki- MTN is their piggy bank.
Sumber: BDliveSA - 🏆 12. / 63 Baca lebih lajut »
Is social media becoming a pivotal piece of the market conduct puzzle?Momentum’s about-turn after its life insurance claim debacle shows that consumer opinion cannot be ignored
Sumber: BDliveSA - 🏆 12. / 63 Baca lebih lajut »