The rand reached its weakest level in more than five months and stocks slumped to a six-month low as the global sell-off in assets showed no signs of abating as investors struggle to navigate an environment where economies are slowing and central banks are removing stimulus.
SA’s currency has moved from being among the most resilient among emerging markets to leading losses, partly as a rally in commodities that had previously supported it waned. Record levels of inflation in key economies have eroded the value of cash holdings, while bonds are suffering from heightened inflationary worries and stocks have been falling on speculation that higher interest rates will slow economic growth and hurt earnings...
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.
JSE launches new equity market data analytics platformAfrica’s biggest bourse partners with data analytics provider big xyt to set up new platform called JSE Trade Explorer
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: News24 - 🏆 4. / 80 Read more »
JSE faces continued Asian market pressure on MondayInvestors remain jittery as they consider the willingness of central banks to aggressively fight inflation at the expense of growth
Source: BDliveSA - 🏆 12. / 63 Read more »
JSE faces continued Asian market pressure on MondayInvestors remain jittery as they consider the willingness of central banks to aggressively fight inflation at the expense of growth
Source: BDliveSA - 🏆 12. / 63 Read more »
JSE launches new equity market data analytics platformAfrica’s biggest bourse partners with data analytics provider big xyt to set up new platform called JSE Trade Explorer
Source: BDliveSA - 🏆 12. / 63 Read more »