Rand weakens, stocks open higher

The rand weakened in early trade on Wednesday, as the dollar rose, helped by a rise in US Treasury yields. At 0702 GMT, the rand traded at R15.40 against the dollar, 0.29% weaker than its previous close. The dollar index gained 0.1% against its rivals. Commerzbank analysts said in a research note that stronger-than-expected first quarter GDP data reported on Tuesday, which gave the rand a boost in the previous session, was likely to constitute “a brief flicker”.

“Not only the devastating floods in parts of the country in early April as well as massive shortages in the electricity supply are likely to notably dampen activity in the second quarter,” Commerzbank said. It added that the high inflation rate and rising wages were also likely to slow the economy. On the stock market, the Top-40 index and the broader all-share rose around 0.5% in early trade. The government’s benchmark 2030 bond was stable in early deals at 9.970%.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

MARKET WRAP: Rand hits best level in six weeksLocal markets will be watching SA GDP and current account data this week
출처: BDliveSA - 🏆 12. / 63 더 많은 것을 읽으십시오 »

Tourism Department lays corruption charges against Been Around GP director - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Department of Tourism has opened a corruption case against the director of a company that failed to construct a multi-million rand tourism project in Tshakhuma, outside Thohoyandou in Limpopo. Ramaphosa working hard to distract the country from his crimes 54Battalion Julius_S_Malema the media is in his pocket Bathong why did they pay the contractor upfront? Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met Williamchurch07 and started Bitcoin trading, I earned R800,000 in 3 weeks thanks Williamchurch07
출처: SABCNews - 🏆 37. / 51 더 많은 것을 읽으십시오 »