News Formal

MARKET WRAP: Rand and JSE gain, but risks remain

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Malaysia News News

Domestic political developments, US Fed’s next move on interest rates and an increase in risk aversion seen as key issues

The rand gained the most in three weeks on Monday, while the JSE closed firmer amid mixed global peers as investors welcomed the Chinese economy opening up.

The local currency gained around 2% earlier, reaching an intraday best of R17.1456/$, as China eased its stringent Covid-19 restrictions and as President Cyril Ramaphosa officially filed court papers challenging the parliamentary panel report which would lead to a debate about his potential impeachment...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Mxm

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: Asian equities, commodities rise on China outlook: markets wrapAsian equities and commodities rose as traders bet on further reopening of the Chinese economy from Covid restrictions. Currencies of materials and energy exporters climbed. Greatest desire of earning with crypto world have been a dream come true for me through the master AmelieLemaire0 he guides me through the investment process now my life is worth living thanks for the opportunity AmelieLemaire0
Source: dailymaverick - 🏆 3. / 84 Read more »