News Formal

MARKET WRAP: Rand could be headed for second week of gains

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Россия Новости Новости

On the day, however, the JSE closed a little lower as global markets fell after the US Fed chair played down chances of further interest-rate cuts

The rand had its best day in 10 on Thursday as global markets quietened a bit, with the trade-war narrative lowering somewhat in volume. Another day of gains on Friday could see it capping a good fortnight.

Bishop cautioned, however: “The rand’s hiatus will prove to be short-lived if the synchronised global economic slowdown accelerates or, indeed, persists.” His testimony pointed to US rates being kept on hold while the economy is growing, said Peregrine Treasury Solutions corporate treasury manager Bianca Botes in a note.

The JSE all share fell 0.18% to 56,235.9 points and the top 40 0.21%. General retailers added 0.79% and gold miners 0.64%, while the platinum index relinquished 0.82% and resources 0.65%.

 

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: Rise in commodity prices gives miners a boostRetailers did surprisingly well, despite retails sales for September roundly missing the mark
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

Market data — November 13 2019Market data including bonds, unit trusts and fuel prices
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

Sephaku slips into a loss as rivals aggressively pursue market shareThe cement maker has reported a R7.7m loss in its year to end-September amid declining infrastructure spend in SA
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

Market data — November 12 2019Market data including bonds, unit trusts and fuel prices
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

Zimbabwe will have more cash to feed black market for currency - expert | IOL NewsZimbabweans finally got access to new low-denomination currency, but banks maintained an existing weekly withdrawal limit ...
Источник: IOL - 🏆 46. / 51 Прочитайте больше »

Zimbabweans queue as central bank releases $30mn into marketUntil now, the majority of Zimbabweans have been using debit cards or mobile phones to pay for goods but are sometimes forced to pay higher prices if they don't have cash.
Источник: ewnupdates - 🏆 30. / 53 Прочитайте больше »