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Investment update | How to outperform cash

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Investment update | How to outperform cash

South African markets closed in the green yesterday, amid optimism that the Federal Reserve will cut interest rates this year.

At 05:30, the US dollar is trading 0.1% higher against the South African rand at R18.2217, while the euro is trading 0.1% higher at R19.7863. At 05:30, the British pound has gained 0.1% against the South African rand to trade at R23.0607. The UK market finished weaker yesterday, weighed down by weaker domestic corporate updates. Software company, Sage Group plunged 9.4%, after the company slashed its annual revenue forecast on expectations of lower growth in the US.

In Hong Kong, consumer electronics company, Lenovo Group has shed 2.9%. On the other hand, internet technology company, NetEase has advanced 3.2%.

 

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