MARKET WRAP: JSE closes lower but rand gains further on Powell testimony

The JSE closed lower on Thursday, while the Dow pushed to a record high after US Federal Reserve chair Jerome Powell’s testimony escalated expectations that the central bank may soon ease monetary policy.

Powell’s dovish tone pushed the rand to below R14/$, to its best level in five months on Thursday, at R13.8573/$. Shortly after the JSE closed, however, the rand had strengthened 0.41% to R13.9274/$ and 0.33% to R15.6831/€, while it was flat at R17.4756/£. The euro was little changed at $1,1261. The JSE all share fell 0.56% to 57,273.10 points and the top 40 0.59%. Gold miners lost 1.67% and resources 1.54%, while general retailers gained 2.61%.

ایران آخرین اخبار, ایران سرفصلها

Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.

MARKET WRAP: JSE and rand firm on Powell testimony and Kganyago newsUS Fed chair Jerome Powell says trade-war uncertainties and global growth concerns are weighing on the US economic outlook
منبع: BDliveSA - 🏆 12. / 63 ادامه مطلب »

JSE set for mixed start on Wednesday as market awaits Fed cluesChair Jerome Powell to present to the US congress amid speculation that rates may not be cut nickhedley what are you saying? Up or down? Hedging your bets? You are paid to come up with such headlines?
منبع: BDliveSA - 🏆 12. / 63 ادامه مطلب »

Dimension Data appoints Sita boss to head up Internet Solutions businessSetumo Mohapi joins the technology group as Saki Missaikos becomes the chief strategy and market executive
منبع: BDliveSA - 🏆 12. / 63 ادامه مطلب »