MARKET WRAP: JSE tracks global peers weaker, while rand breaches R17/$

The JSE tracked global peers lower on Monday, while the rand breached the R17 per dollar level for the first time since October 2020. Globally, technology stocks were under pressure after Chinese regulators fined both Alibaba and Tencent for past transactions.

The latest penalties imposed on Alibaba and Tencent followed fines on a live-streamer for tax evasion in February, while both Alibaba and Tencent were penalised for violations of antitrust rules in November...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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US equity futures drop with stocks as dollar jumps: markets wrapMost Asian stocks dropped along with US equity futures Monday and the dollar jumped as the risk of more Covid curbs in China exacerbated overarching worries about the global economic outlook. Moneyweb Covid Equity
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Winter Festival Market aims to spread warmth and joyWinter Festival Market aims to spread warmth and joy The market aims to raise funds for a campaign that collects and distributes supplies to young moms and children in need.
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Weekly Global COVID-19 Wrap: 08 July 2022 - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.In this week’s Global COVID-19 Wrap, SABC News compiles headlines from around the world on the number of confirmed coronavirus infections. SABCNewsFeature
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