MARKET WRAP: JSE weakens despite some post-election support

Analysts say the peaceful election has now created an expectation that promised pro-growth reforms will be implemented by the governing party. Geopolitical risks, including the US-China trade war, are still expected to serve as headwinds for the local currency.

A prolonged improvement for equities will only occur once there is evidence of more ethical governance within the state, as well as the implementation of pro-business policies. Gold was up 0.92% to $1,297.56 an ounce while platinum had lost 0.95% to $854.87. Brent crude was 0.57% higher at $71.16 a barrel.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

MARKET WRAP: JSE at six-week low as election results roll inGlobal risk-off trade has put pressure on the local bourse, while early results in the general election show the ANC’s majority has fallen below 60%
Fonte: BDliveSA - 🏆 12. / 63 Consulte Mais informação »

MARKET WRAP: JSE has worst week in 14 months amid US-China trade jittersBy the close of trade on Friday the JSE was down 4.31% for the week, falling every day to Thursday
Fonte: BDliveSA - 🏆 12. / 63 Consulte Mais informação »

Zim central bank sees official, black market exchange rates convergingThe country in February ditched its discredited 1:1 official peg to the US dollar, and merged bond notes and electronic dollars into a transitional currency called the RTGS dollar.
Fonte: ewnupdates - 🏆 30. / 53 Consulte Mais informação »

Market not convinced by AEEI profit announcementCompany says revenue for period to February increased 31% to R792m and taxed profit 246% to R546m
Fonte: BDliveSA - 🏆 12. / 63 Consulte Mais informação »

Steinhoff falls 15% as market reacts to glum 2017 earnings reportThe Stellenbosch-headquartered retail conglomerate published its long-delayed 2017 earnings late on Tuesday. Fin24 Seriously? Thought this shitstock Steinhoff was on 0 already? Buying this now is like voting for the ANC.
Fonte: News24 - 🏆 4. / 80 Consulte Mais informação »

Market not convinced by AEEI profit announcementCompany says revenue for period to February increased 31% to R792m and taxed profit 246% to R546m So when does this become criminal? asking for Pension Fund vested in the PIC.
Fonte: BDliveSA - 🏆 12. / 63 Consulte Mais informação »

Uber valued at $82bn in IPO as market jitters and Lyft woes take a tollThe ride-hailing company's valuation is almost a third less than the $120bn its investment bankers predicted in 2018
Fonte: BDliveSA - 🏆 12. / 63 Consulte Mais informação »