The rand was in positive territory for a second consecutive week on Friday as talk of an impending deal between the US and China over trade was mooted.
White House economic adviser Larry Kudlow said on Thursday that the two countries are down to the final steps of agreeing on a phase one deal, surprising investors, who have spent much of the past week on the receiving end of headlines suggesting the opposite. At 6pm, the rand had gained 0.74% to R14.7077/$, 0.47% to R16.2543/€, and 0.54% to R18.9881/£. The euro was 0.28% firmer at $1.1051. The rand gained a little more than 1% against the dollar in the week
Gold was down 0.23% to $1,467.62/oz, while platinum added 0.99% to $889.44. Brent crude was 0.7% higher at $62.74 a barrel.
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: Rand could be headed for second week of gainsOn the day, however, the JSE closed a little lower as global markets fell after the US Fed chair played down chances of further interest-rate cuts
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: Rise in commodity prices gives miners a boostRetailers did surprisingly well, despite retails sales for September roundly missing the mark
Source: BDliveSA - 🏆 12. / 63 Read more »
Market data — November 13 2019Market data including bonds, unit trusts and fuel prices
Source: BDliveSA - 🏆 12. / 63 Read more »
Market data — November 14 2019Market data including bonds, unit trusts and fuel prices
Source: BDliveSA - 🏆 12. / 63 Read more »
BRIAN KANTOR: Some lessons from share market historyWhat to consider when examining the relationship between price and earnings
Source: BDliveSA - 🏆 12. / 63 Read more »
Sappi halts dividends as market conditions deteriorateThe paper and pulp manufacturer says profits declined by half compared to the same quarter in 2018
Source: BDliveSA - 🏆 12. / 63 Read more »