MARKET WRAP: JSE drops as investors mull conflicting trade-war reports

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

SA’s current-account deficit narrowed in the third quarter to 3.7% of GDP, from 4.1% in the second quarter

The JSE closed in negative territory on Thursday as investors digested mixed messages from the US and China as the trade war between the pair stretches into its 17th month.

The latest reports have renewed hope that the US will withdraw the December 15 tariff hike on $156bn worth of Chinese imports. “The market now seems to be pricing in the signing of a ‘skinny deal’ soon, which includes the rolling back of some tariffs, then signing a big trade deal at the end of 2020 after the elections — assuming that Trump gets re-elected,” fund manager Vestact said in a note.

The SA Chamber of Commerce and Industry’s business confidence index rose to 92.7 point in November from 91.7 in the previous month. Gold was up 0.19% to $1,477.06/oz while platinum was down 0.52% to $893.63. Brent crude added 0.92% to $63.56 a barrel.

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
 

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

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 gains as US-China trade war still in focusThe Standard Bank purchasing managers’ index fell to 48.6 points in November from 49.4 in the previous month
Source: BDliveSA - 🏆 12. / 63 Read more »

China’s SDIC delays London listing, blaming weak market conditionsLondon IPO volumes are the worst since 2009 in the aftermath of the global financial crisis
Source: BDliveSA - 🏆 12. / 63 Read more »

Sanlam earnings buoyant despite tough marketSanlam delivers buoyant operational earnings growth despite weak economy.
Source: BDliveSA - 🏆 12. / 63 Read more »

CHRIS GILMOUR: Afrimat’s stellar results fail to woo the marketInvestors may be more concerned about future iron ore prices than interim revenue and profit rise
Source: BDliveSA - 🏆 12. / 63 Read more »

Market data — December 4 2019Market data including bonds, unit trusts and fuel prices
Source: BDliveSA - 🏆 12. / 63 Read more »

Breaking barriers to market access will help SMMEs in SAGlobal trends indicate that the small medium and micro enterprises (SMMEs) sector has experienced sustained growth and is consistently the largest employer in both the developed and developing world in recent times.
Source: City_Press - 🏆 7. / 72 Read more »