News Formal

MARKET WRAP: JSE’s six-week winning run comes to an end

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The JSE edged higher on Friday, but ended the week down, with banks faring best on the day after much higher-than-expected US GDP data

The JSE edged slightly higher in a truncated session on Friday, reversing earlier losses after upbeat US data lifted sentiment.

The rand firmed amid an uptick in sentiment, with all eyes on next week’s US Federal Reserve decision. As the JSE closed the rand was up 0.56% to R14.344/$, but was down 2% for the week, its worst performance in two months. Gold was up 0.38% to $1,281.73/oz and platinum 0.39% to $890.52. Brent crude was 1.56% lower at $73.12 a barrel.

Diversified miner Glencore slumped 3.75% to R57.75, amid reports that US authorities were investigating alleged corrupt practices related to its operations in Venezuela, the Democratic Republic of the Congo and Nigeria.

 

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

Sverige Senaste nytt, Sverige Rubriker

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

MARKET WRAP: Only platinum and gold shine on the JSELocal banks and miners were pressured by a firmer dollar, while local data was also downbeat
Källa: BDliveSA - 🏆 12. / 63 Läs mer »

MARKET WRAP: JSE slips in risk-off trade but gold miners shineThe local bourse extended losses as US markets opened, with concerns over global growth weighing on equities
Källa: BDliveSA - 🏆 12. / 63 Läs mer »

DATA SERVICES MARKET INQUIRY: Competition Commission: Mobile data market is anti-poorMobile data is more expensive in South Africa than comparative countries and the market lacks transparency and is anti-poor, said the Competition Commission on Wednesday.
Källa: dailymaverick - 🏆 3. / 84 Läs mer »

CHRIS GILMOUR: The dangerous and murky shark tank of SA’s listed bond marketThe JSE has been reformed and stockbroker hooligans removed, but bond institutions lag behind
Källa: BDliveSA - 🏆 12. / 63 Läs mer »

Global steel market put on notice as Chinese group warns of twin risksBaoshan Iron & Steel says contraction in industries including property and vehicles will slow consumption in 2019
Källa: BDliveSA - 🏆 12. / 63 Läs mer »

Rand is flat as market eyes US economic dataThe rand is on track for its worst week against the dollar since February, but markets are somewhat subdued ahead of US GDP numbers
Källa: BDliveSA - 🏆 12. / 63 Läs mer »

Global steel market put on notice as Chinese group warns of twin risksBaoshan Iron & Steel says contraction in industries including property and vehicles will slow consumption in 2019
Källa: BDliveSA - 🏆 12. / 63 Läs mer »

Oil prices dip as market retreats from strong bull runBoth Brent and WTI fall by more than $1 a barrel; Russian oil quality concerns tighten the market and Saudi Arabia is expected to offset supply gap
Källa: BDliveSA - 🏆 12. / 63 Läs mer »