The JSE edged slightly higher in a truncated session on Friday, reversing earlier losses after upbeat US data lifted sentiment.
The rand firmed amid an uptick in sentiment, with all eyes on next week’s US Federal Reserve decision. As the JSE closed the rand was up 0.56% to R14.344/$, but was down 2% for the week, its worst performance in two months. Gold was up 0.38% to $1,281.73/oz and platinum 0.39% to $890.52. Brent crude was 1.56% lower at $73.12 a barrel.
Diversified miner Glencore slumped 3.75% to R57.75, amid reports that US authorities were investigating alleged corrupt practices related to its operations in Venezuela, the Democratic Republic of the Congo and Nigeria.
Nederland Laatste Nieuws, Nederland Headlines
Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.
MARKET WRAP: Only platinum and gold shine on the JSELocal banks and miners were pressured by a firmer dollar, while local data was also downbeat
Lees verder »
MARKET WRAP: JSE slips in risk-off trade but gold miners shineThe local bourse extended losses as US markets opened, with concerns over global growth weighing on equities
Lees verder »
DATA SERVICES MARKET INQUIRY: Competition Commission: Mobile data market is anti-poorMobile data is more expensive in South Africa than comparative countries and the market lacks transparency and is anti-poor, said the Competition Commission on Wednesday.
Lees verder »
CHRIS GILMOUR: The dangerous and murky shark tank of SA’s listed bond marketThe JSE has been reformed and stockbroker hooligans removed, but bond institutions lag behind
Lees verder »
Global steel market put on notice as Chinese group warns of twin risksBaoshan Iron & Steel says contraction in industries including property and vehicles will slow consumption in 2019
Lees verder »
Rand is flat as market eyes US economic dataThe rand is on track for its worst week against the dollar since February, but markets are somewhat subdued ahead of US GDP numbers
Lees verder »
Global steel market put on notice as Chinese group warns of twin risksBaoshan Iron & Steel says contraction in industries including property and vehicles will slow consumption in 2019
Lees verder »
Oil prices dip as market retreats from strong bull runBoth Brent and WTI fall by more than $1 a barrel; Russian oil quality concerns tighten the market and Saudi Arabia is expected to offset supply gap
Lees verder »