The JSE tracked weaker global markets on Tuesday as investor risk sentiment took a hit as a number of areas have had to roll back on easing lockdowns as Covid-19 cases surge, while local mining data gave a bit of hope regarding a local economic recovery.
Stats SA data revealed on Tuesday that annual mining production fell 29.8% year on year in May, as SA moved into lockdown level 4 and more operations returned to production. This is an improvement from April’s data that showed a drop of 50.3%, the worst on record since the agency began the series in 1980. A Bloomberg consensus forecast was for a drop of 32.5% in May.
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.
MARKET WRAP: Global economic recovery hopes fuel rand rallyThis week focus shifts to US corporate earnings for the second quarter as investors try to gauge the effect Covid-19 has had on companies there
Source: BDliveSA - 🏆 12. / 63 Read more »
Market data — July 13 2020Market data including bonds and fuel prices
Source: BDliveSA - 🏆 12. / 63 Read more »
S&P slashes emerging market GDP forecastsRevisions reflect that the Covid-19 pandemic is likely to worsen in many emerging markets
Source: BDliveSA - 🏆 12. / 63 Read more »
MICHEL PIREU: The stock market through the looking glassThe search for answers to their own behaviour tends to separate the winners from the wannabes
Source: BDliveSA - 🏆 12. / 63 Read more »
Rand muted as market awaits new dataIt is expected that the upcoming earnings season will help in assessing the damage the Covid-19 pandemic has caused
Source: BDliveSA - 🏆 12. / 63 Read more »