The JSE was lower on Tuesday while global markets remained mixed as traders await the latest news in the US-China trade talks.
“We are getting a constant drip feed of updates on how negotiations are going from both sides and it does all sound positive. My only problem is that we’ve had this all before and when it’s been more than a month since the deal was announced and more than a week since it was meant to be signed, I’m a little sceptical,” said Oanda senior market analyst Craig Erlam.
The R2030 government bond was weaker with the yield rising four basis points to 9.26%. Bond yields move inversely to their prices. “While this is just one set of figures, they are nevertheless of concern as they indicate a slowdown in the second quarter of 2020, where the first quarter of every year has contracted in SA since 2016,” said Investec chief economist Annabel Bishop.
Capital & Regional said on Tuesday that its shareholders have approved the sale of a controlling stake of the company to SA property company Growthpoint. Capital & Regional’s share price gained 2.8% to R5.50 while Growthpoint fell 0.96% to R22.58. Wescoal gained 3.33% to R1.24. The coal producer reported a headline loss per share of 11.9c for the year to end-September on Tuesday, from headline earnings per share of 23.5c previously.
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.
SA retail market disruption ahead after exclusive leases ruled outThe Competition Commission has recommended that exclusive leases between shopping centres and the big four grocers come to an end
Source: BDliveSA - 🏆 12. / 63 Read more »
Market data — November 23 2019Market data including bonds, unit trusts and fuel prices
Source: BDliveSA - 🏆 12. / 63 Read more »
Market data — November 23 2019Market data including bonds, unit trusts and fuel prices
Source: BDliveSA - 🏆 12. / 63 Read more »