The JSE slipped on Tuesday, in its third-consecutive session of losses, as global equity markets continued to feel the pinch from geopolitical risk.
Gold extended its gains, reaching a six-year high, benefiting local producers and the rand. Banks and retailers, however, were again under pressure. Shortly after the JSE closed the Dow was flat at 26,727.54 points, but the tech-heavy Nasdaq was down 0.58%. In Europe, the FTSE 100 and CAC 40 were flat, while the DAX 30 was down 0.38%.
Statistics SA’s quarterly employment statistics also beat expectations, growing 0.8% year-on-year in the first quarter, while consensus had been for 0.5% growth. The data indicated, however, that businesses are slashing part-time jobs as well as overtime and bonus payments. Businesses paid 36% less in bonuses and overtime in the first quarter compared to the prior three-month period.
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: JSE slips in risk-off trade, with banks and retailers faring worstGlobal markets begin the week lower as fears mount that the US and China won’t bury the hatchet over trade later this week
Source: BDliveSA - 🏆 12. / 63 Read more »
JSE flat as market eyes US-Iranian tensionRisk-appetite is expected to be limited at the start of this week, as investors eye Middle-Eastern developments, and wait for a US-China meeting
Source: BDliveSA - 🏆 12. / 63 Read more »
‘The Zim market was self-dollarising ... it was out of control’Finance minister explains move to ban the US dollar, but experts say the consequences are 'unimaginable'
Source: SundayTimesZA - 🏆 47. / 51 Read more »
‘The Zim market was self-dollarising ... it was out of control’Zimbabwe fast-tracked the introduction of a new currency because the use of the US dollar has caused a lot of suffering, finance minister Mthuli Ncube told Times Select. You want an example of the outcome of inept government, her is one of the best. A prime example of a death spiral, from fabulous to £€£€¥ in the shortest possible time. Ummm Wow
Source: TimesLIVE - 🏆 28. / 59 Read more »