News Formal

MARKET WRAP: JSE flat as rand retreats slightly

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Россия Новости Новости

The local currency gave up some of its recent gains despite Moody’s Investors Service saying that SA’s credit rating was safe for the moment

The JSE closed flat on Tuesday, as gains by some miners were offset by sharp losses for general retailers and banks.

Global markets had rallied strongly at the start of the week, after the release of positive Chinese manufacturing data. Local sentiment continues to be bolstered by a decision by Moody's Investors Service not to release a long-anticipated credit review for SA. Traders said that the government's weekly bond auction was well subscribed, despite an increase in issuance by R450m to R3.3bn.

Volatility in the Turkish lira is also threatening the rand, amid concern over populist policies in that country. Volatility in the lira could affect the rand, due to the effect of sentiment towards emerging markets more generally.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 12. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

MARKET WRAP: JSE posts broad-based gains, led by banksRand hedges and diversified miners fared well, while banks gained despite a 1% fall in the rand
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

MARKET WRAP: JSE lower as precious-metal miners plungeGold and platinum miners fall amid sharp sell-off in precious metals, but a strong showing from Capitec and rand hedges offset this a little
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

MARKET WRAP: JSE and rand rally ahead of Moody’s decisionJSE heavyweight Naspers was 0.85% higher at R3,332.14 after reaching its best level in about seven months earlier in the day
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

MARKET WRAP: JSE and rand rally ahead of Moody’s decisionJSE heavyweight Naspers was 0.85% higher at R3,332.14 after reaching its best level in about seven months earlier in the day
Источник: TimesLIVE - 🏆 28. / 59 Прочитайте больше »

MARKET WRAP: JSE pushes above 57,000 points as banks jumpThe JSE closed at a six-month high on optimism on global markets, with local banks faring best after Moody’s opted not to release a report on SA
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

Business Maverick: Stocks Slide Again as Bond-Yield Drop Stokes Worry: Markets WrapStocks slumped again in Asia as the precipitous decline in developed-market sovereign bond yields continued to unnerve investors about the economic outlook.
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »

Banks scale back on lending in weak credit marketIssuing of new credit cards decreased 15% year on year in fourth quarter of 2018 as banks target lower-risk borrowers
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »