The JSE concluded its worst week in 23 on Friday as fears that China’s coronavirus could turn into a pandemic hurt market sentiment.
“The coronavirus outbreak is intensifying, and Beijing is scrambling. Outrage is growing as local officials failed to address the contagion risks earlier. Concerns are growing that the travel bans in place will start to have a major impact on the economy with some saying it may have a one percentage point hit, or greater, on Chinese GDP,” Oanda senior market analyst Edward Moya said.
“Weak levels of economic demand and high real interest rates continue to support the rand fundamentally, assisting in compressing nominal yields but also to reduce the depreciation potential in the rand,” Mercato Financial Services analyst Nico du Plessis said.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sky’s the limit as Tesla targets mass marketElectric carmaker’s share price soars as company plans higher production
Source: BDliveSA - 🏆 12. / 63 Read more »
Philip Morris aims to snuff out rivals in e-cigarette marketCompany may revive merger talks with Altria and launches its e-vapour IQOS Mesh product in 2020
Source: BDliveSA - 🏆 12. / 63 Read more »
Gold dips as market awaits European Central Bank decision“It looks like the market doesn’t really have the impetus it needs to go one way or another.”
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: eNCA - 🏆 49. / 51 Read more »