The JSE pushed higher on Monday, with banks reversing earlier weakness to close higher.
The US Federal Reserve will begin its meeting on interest rates on Tuesday, and will hold a news conference on Wednesday. Dovish Fed policy has been cited by analysts recently a reason for the dollar’s weakness, which has benefited miners. The oil price remains elevated by promises of extended production cuts by Saudi Arabia, the world's largest exporter. Problems in Venezuela, including rolling blackouts, also continue to hamper output in that country.Hulamin fell 1.92% to R4.59. It reported that revenue rose 8.5% in the year to end-December, although it said retail growth had disappointed in its second half.Northam Platinum firmed 4.33% to R64.76 and Anglo American Platinum 3.03% to R801.17.
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:
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: JSE edges higher ahead of Brexit voteAll eyes are on the UK Parliament’s Brexit vote later on Tuesday evening, which could cause further volatility in global currency markets
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: Miners lead the JSE higher despite Brexit issuesUncertainty over Brexit has weighed on sentiment, although miners gained from safe-haven interest in gold and a rising oil price
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE marginally weaker after gloomy dataThe JSE closed a little lower on Thursday, as gloomy local and international data weighed on sentiment, and shares reacted to a weaker rand.
Source: TimesLIVE - 🏆 28. / 59 Read more »
MARKET WRAP: JSE marginally weaker after gloomy dataSome UK-focused shares benefit from a surge in the pound, but the JSE is flat amid pressure on retailers, which offset gains by platinum miners
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE tracks most major global markets firmerGold and platinum shares rise after labour court disallows sympathy strike in the sectors
Source: BDliveSA - 🏆 12. / 63 Read more »
Rand mixed as market bets a no-deal Brexit will be avoidedThe pound brushed off a major defeat for UK Prime Minister Theresa May on Tuesday
Source: BDliveSA - 🏆 12. / 63 Read more »
FirstRand ‘not fazed’ by newcomers entering the banking market | IOL Business ReportFirstRand comprises of First National Bank (FNB), Rand Merchant Bank (RMB), WesBank and UK specialist lender Aldermore.
Source: IOL - 🏆 46. / 51 Read more »