News Formal

MARKET WRAP: JSE remains lower but rand recovers a little

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

A return to riskier assets in late trade saw the rand and other emerging-market currencies benefit

The JSE remained lower on Monday as pressures mount over intensifying tension in the Middle East following the US-ordered assassination ofOn Sunday, Iraq’s parliament recommended that all foreign troops be ordered out of the country following the US drone attack which killed Soleimani. US president Donald Trump threatened sanctions on Iraq, the second-largest producing member of oil cartel Opec, if US troops are forced to withdraw from the country.

“A weaker dollar was already creating a decent bullish case for the yellow metal but conflict in the Middle East has finished the job. Safe havens are back in vogue and the yellow metal is leading the way,” Erlam said. The tension in the Middle East has pushed the price of Brent crude to its highest level in more than seven months, with markets fearing that global oil supply might be affected, as the region is responsible for almost 50% of global output.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

How the rising trend of car sharing impacts the automotive industry | IOL Business ReportOPINION: Car manufacturers will have to tailor their brands to niche markets and associate their products with a specific service to remain relevant, writes Kobus van Staden.
Källa: IOL - 🏆 46. / 51 Läs mer »