Uncertainty in the US-China trade war continued to put pressure on the rand and its emerging-market peers on TuesdayRetailers took a knock on Tuesday as load-shedding and unfavourable weather conditions took a toll on the sector, which suffered its biggest one-day drop in more than a week.
The rand weakened after manufacturing production contracted for a fifth consecutive month, by 0.8% year on year in October, data from Statistics SA showed earlier, while uncertainty in the US-China trade war heaped further pressure on the local currency and its emerging-market peers. Investors are counting the days before the US is scheduled to impose a tariff hike on $156bn worth of Chinese goods, a move that markets fear may prolong the signing of the first phase of a trade deal.
Among other risk events on the global calendar, the US Federal Reserve began its final meeting for 2019 on Tuesday while the European Central Bank is set to meet on Thursday. Both are expected to keep interest rates unchanged amid concerns of a global economic slowdown.
Philippines Philippines Latest News, Philippines Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MARKET WRAP: JSE muted as investors await global risk eventsStatistics SA is expected to release manufacturing production for October on Tuesday The collapse of the SA economy?! That just happened at 6pm. Did they not get the Eskom memo?
Source: BDliveSA - 🏆 12. / 63 Read more »
Oil dips as demand worries weigh on marketPrices fall for second day as trade war and weaker demand squeeze trade
Source: BDliveSA - 🏆 12. / 63 Read more »
France fines Morgan Stanley for rigging bond marketThe French financial watchdog says the bank manipulated the prices of 14 French bonds and eight Belgian bonds in June 2015
Source: BDliveSA - 🏆 12. / 63 Read more »
MICHEL PIREU: Self-confidence is but one tool in stock market wizards’ box of tricksWe think we are right far more often than we really are. We overestimate our degree of knowledge and our chances of success. The implications can be ruinous
Source: BDliveSA - 🏆 12. / 63 Read more »
Hurry up and open energy market, DA urges governmentTake immediate steps to tackle the worsening electricity crisis, says spokesperson BrinkCilliers Pitiable old business day and their da. Anc listens to neither DeanMacpherson The risk to the environment at the mercy of greedy capitalists will be the ruin of our beautiful country. . . Our_DA always one for the easy ways out hey. . . Why not volunteer your 'educated' contingent to assist the Eskom_SA Eskom board in reforming the SOE. . . DeanMacpherson You would be forgiven for thinking the Our_DA is not openly assisting the narrative of a few sponsors. . . dont be fooled.
Source: BDliveSA - 🏆 12. / 63 Read more »
MICHEL PIREU: Self-confidence is but one tool in stock market wizards’ box of tricksWe think we are right far more often than we really are. We overestimate our degree of knowledge and our chances of success. The implications can be ruinous
Source: BDliveSA - 🏆 12. / 63 Read more »