The JSE closed higher on Wednesday, with gold miners leading gains, while the rand pared some losses after weakening through the R15/$ level for the first time this week.
At 5.30pm, the rand had weakened 0.3% to R14.9304/$, 0.56% to R16.5153/€, and 0.67% to R19.1627/£. The euro was up 0.27% to $1.1062. Global markets were mixed on Wednesday as investors await further direction regarding the Brexit deal and the US-China trade war, amid fears that these geopolitical issues will continue to weigh on global growth.
Markets have partially priced in a third interest-rate cut this year from the US Federal Reserve amid fears the slowing US economy.
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 »
MARKET WRAP: Rand extends losses as risk sentiment wanesThe 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
Source: BDliveSA - 🏆 12. / 63 Read more »
STEVEN FRIEDMAN: Market is anything but free in health-care sectorThe lack of information for the layman means the medical industry holds all the cards
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 »
Market data - October 14 2019Market data including bonds, unit trusts and fuel prices
Source: BDliveSA - 🏆 12. / 63 Read more »