News Formal

Rand recovers, stocks shrug off US-China tension

  • 📰 ewnupdates
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 53%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

JOHANNESBURG – The rand recovered on Tuesday as risk appetite improved, having fallen to its weakest in nearly 12 weeks the previous day. At 1525 GMT, the rand was 1% firmer at R17.

52000 per dollar, having touched R17.7800 on Monday, its weakest since 22 May.

“Concerns continue to centre on the prospect for global economic recovery, and particularly for the US economy.” Stocks were lifted by signs that Sino-US tensions have eased ahead of a crucial round of trade talks, while a rise in crude oil prices helped Sasol and mobile operator MTN Group, which has operations in oil-rich Nigeria.

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:

 /  🏆 30. in NG
 

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

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.

Exxaro reports earnings boost from coal exports and weaker randMiner operated as an essential service during SA's Covid-19 lockdown
Source: BDliveSA - 🏆 12. / 63 Read more »

Exxaro reports earnings boost from coal exports and weaker randMiner operated as an essential service during SA's Covid-19 lockdown
Source: BDliveSA - 🏆 12. / 63 Read more »