MARKET WRAP: JSE gains as weaker rand boosts miners and industrials

The JSE ended higher on Monday as the weaker rand environment supported big miners and industrial stocks, which together account for the lion’s share of the domestic share market.

However, banks, retailers and other domestically-focused shares held up on the day despite the wobbly currency that could ratchet up cost pressures for businesses via imported inflation. The JSE, which largely follows global trends, appears to have lost a bit of momentum so far in February after a flying start in January. The release of US consumer inflation figures for January could potentially determine the short-term direction for global markets.

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.

International Finance: Asian equities tumble ahead of US inflation data: markets wrapShares in Asia declined as investors positioned themselves for an action-packed week, including the release of US consumer price data that may confirm the inflation battle isn’t over, dashing hopes of a Federal Reserve rate pivot.
Source: dailymaverick - 🏆 3. / 84 Read more »

Scammers target South Africa’s rental marketProspective renters must remain vigilant when looking at rental properties online
Source: BusinessTechSA - 🏆 24. / 61 Read more »

ANDY MUKHERJEE: It is securities board’s job to restore trust in Indian marketStripping off the layers of shell companies and gleaning hard evidence on people behind them is tough for regulators
Source: BDliveSA - 🏆 12. / 63 Read more »