MARKET WRAP: Rand extends losses as risk sentiment wanes

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Ireland News News

The rand is likely to remain volatile as markets await the medium-term budget; the rescue plan for Eskom; and a credit-ratings review from Moody’s

The rand extended losses on Tuesday as investors remain uncertain about the trajectory of the US-China trade war and global economic growth.

This followed reports that China wants to hold another round of talks before signing the “phase one” trade agreement with the US. “Easing US policy creates the space for looser policy in emerging-market economies, which will be conducive to domestic growth. For SA, however, the problem of restarting sustainable economic growth is more unique — looser monetary policy by the Reserve Bank [alone] will struggle to deliver growth,” Monex Europe analyst Simon Harvey said.

The Dow was up 0.91% to 27,032.36 points. In Europe, the FTSE 100 was flat while France’s CAC 40 added 1.43% and Germany’s DAX 30 1.5%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MARKET WRAP: JSE closes lower as trade war optimism fadesThe rand was still the best performing emerging-market currency over the past five days after hitting a three-week high on Friday
Source: BDliveSA - 🏆 12. / 63 Read more »

Global market stocks rise on cautious Brexit deal hopesSentiment remains fragile due to US-China trade war uncertainties
Source: BDliveSA - 🏆 12. / 63 Read more »

WATCH | Is Africa a neglected market?SPONSORED | A panel of experts from SantamInsurance discuss insurance in Africa.
Source: BDliveSA - 🏆 12. / 63 Read more »

Sanlam taps into the stokvel marketInsurer sets out to formalise traditional sector
Source: BDliveSA - 🏆 12. / 63 Read more »

Market data - October 14 2019Market data including bonds, unit trusts and fuel prices
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: JSE closes lower as trade war optimism fadesThe rand was still the best performing emerging-market currency over the past five days after hitting a three-week high on Friday
Source: BDliveSA - 🏆 12. / 63 Read more »