MARKET WRAP: JSE’s six-week winning run comes to an end

The JSE edged slightly higher in a truncated session on Friday, reversing earlier losses after upbeat US data lifted sentiment.

The rand firmed amid an uptick in sentiment, with all eyes on next week’s US Federal Reserve decision. As the JSE closed the rand was up 0.56% to R14.344/$, but was down 2% for the week, its worst performance in two months. Gold was up 0.38% to $1,281.73/oz and platinum 0.39% to $890.52. Brent crude was 1.56% lower at $73.12 a barrel.

Diversified miner Glencore slumped 3.75% to R57.75, amid reports that US authorities were investigating alleged corrupt practices related to its operations in Venezuela, the Democratic Republic of the Congo and Nigeria.

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.

MARKET WRAP: Only platinum and gold shine on the JSELocal banks and miners were pressured by a firmer dollar, while local data was also downbeat
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: JSE slips in risk-off trade but gold miners shineThe local bourse extended losses as US markets opened, with concerns over global growth weighing on equities
Source: BDliveSA - 🏆 12. / 63 Read more »

DATA SERVICES MARKET INQUIRY: Competition Commission: Mobile data market is anti-poorMobile data is more expensive in South Africa than comparative countries and the market lacks transparency and is anti-poor, said the Competition Commission on Wednesday.
Source: dailymaverick - 🏆 3. / 84 Read more »

CHRIS GILMOUR: The dangerous and murky shark tank of SA’s listed bond marketThe JSE has been reformed and stockbroker hooligans removed, but bond institutions lag behind
Source: BDliveSA - 🏆 12. / 63 Read more »

Global steel market put on notice as Chinese group warns of twin risksBaoshan Iron & Steel says contraction in industries including property and vehicles will slow consumption in 2019
Source: BDliveSA - 🏆 12. / 63 Read more »

Rand is flat as market eyes US economic dataThe rand is on track for its worst week against the dollar since February, but markets are somewhat subdued ahead of US GDP numbers
Source: BDliveSA - 🏆 12. / 63 Read more »

Global steel market put on notice as Chinese group warns of twin risksBaoshan Iron & Steel says contraction in industries including property and vehicles will slow consumption in 2019
Source: BDliveSA - 🏆 12. / 63 Read more »

Oil prices dip as market retreats from strong bull runBoth Brent and WTI fall by more than $1 a barrel; Russian oil quality concerns tighten the market and Saudi Arabia is expected to offset supply gap
Source: BDliveSA - 🏆 12. / 63 Read more »