News Formal

MARKET WRAP: JSE pushes above 56,000 points, led up by platinums

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Pressure on the oil price has provided some support for retailers and banks, with platinum miners leading the gains, amid concern that the metal is entering bubble territory

The JSE closed above 56,000 points for the first time in five months on Tuesday, with only property stocks and gold miners under pressure.

Bloomberg reported that there was increasing concern in the market that palladium was entering bubble territory, as the near $700 gap between it and platinum was unsustainable. The all share gained 0.65% to 56,242.8 points and the top 40 rose 0.66%. Platinums added 3.35%, general retailers 1.91% and food and drug retailers 1.17%.

The data was concerning, but further releases would be required before any determination on SA's growth prospects in 2019 could be made, said Investec chief economist Annabel Bishop. “However, what has become increasingly clear is that economic growth forecasts made at the start of the year for 2019 are at increasing risk of being downgraded,” Bishop said.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 12. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

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

MARKET WRAP: JSE rises nearly 1%, buoyed by retailersOngoing trade talks have boosted sentiment while the market continues to digest the implications of the 2019 budget
출처: BDliveSA - 🏆 12. / 63 더 많은 것을 읽으십시오 »

MARKET WRAP: Asian stock surge fails to lift JSEMiners led the local bourse lower, despite the Shanghai composite jumping 5.6% on Monday, its best day in three years
출처: BDliveSA - 🏆 12. / 63 더 많은 것을 읽으십시오 »

MARKET WRAP: JSE edges lower ahead of the budget speechA spate of earnings reports from miners gave the bourse some direction, although all eyes are on Wednesday’s budget
출처: BDliveSA - 🏆 12. / 63 더 많은 것을 읽으십시오 »

MARKET WRAP: JSE pushes higher led by minersRising gold and palladium prices, along with a spate of corporate results, ensure miners lead the gains on budget day
출처: BDliveSA - 🏆 12. / 63 더 많은 것을 읽으십시오 »

Peugeot to re-enter US market as sales in Europe dwindleUncertainty over Brexit and an economic slowdown in Italy and Germany are weighing on car sales
출처: BDliveSA - 🏆 12. / 63 더 많은 것을 읽으십시오 »

Rand range-bound as market mulls Brexit’s progressThe focus is on the UK, where MPs will debate progress in Brexit negotiations, while investors are also likely to pay close attention to the US-North Korea summit
출처: BDliveSA - 🏆 12. / 63 더 많은 것을 읽으십시오 »