This week’s focus shifts to US corporate earnings for the second quarter as investors try to gauge the effect Covid-19 has had on companiesThe rand had its fourth session of gains on Monday as recent positive economic data fuelled hope that the global economy will soon recover.
At 5.32pm, the rand had firmed 0.46% to R16.6889/$ and 0.39% to R21.0517/£, while it was flat at R18.9567/€. The euro strengthened 0.56% to $1.1359.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.
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S&P slashes emerging market GDP forecastsRevisions reflect that the Covid-19 pandemic is likely to worsen in many emerging markets
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Rand muted as market awaits new dataIt is expected that the upcoming earnings season will help in assessing the damage the Covid-19 pandemic has caused
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