News Formal

Rand firms as Fed cut bets spur buying, stocks steady

  • 📰 ewnupdates
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 53%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

At 1600 GMT the rand was 0.4% firmer at 14.7650 per dollar, retreating from a session-best 14.6700, but still its firmest level since 2 August.

JOHANNESBURG - The rand rallied to a 5-week high on Monday on global demand for riskier assets as investors bet the United States central bank would cut lending rates next week.

Powell’s remarks came as the Chinese central bank moved on Friday to cut how much cash banks must hold in reserve, releasing liquidity to shore up an economy hit by the Sino-U.S. trade conflict. The bourse wobbled after e-commerce giant Naspers slipped 1% to R3528.34 and gold stocks shed 5.01% as investors ditched the safe-haven asset.

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 30. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Rand firms as market pins hope on stimulusHopes that China will move to boost its economy and expectations of stimulus from the European Central Bank could support the rand this week
Fonte: BDliveSA - 🏆 12. / 63 Leggi di più »

Rand firms as market pins hope on stimulusHopes that China will move to boost its economy and expectations of stimulus from the European Central Bank could support the rand this week
Fonte: BDliveSA - 🏆 12. / 63 Leggi di più »