SA stocks approach six months low as recession fears rise

  • 📰 ewnupdates
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 53%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Both of the country’s major stock indexes weakened more than 2% following the inversion in the US debt market, a situation where shorter-dated borrowing costs are higher than longer ones.

JOHANNESBURG - South African stocks slipped to a near six-month low on Wednesday after the US Treasury bond yield curve inverted for the first time since 2007, reflecting concerns over the outlook for the world’s biggest economy.

Risk-off refers to a shift in investor sentiment towards safer assets over riskier opportunities in emerging markets such as South Africa. The rand weakened 1.35% to 15.3500 per dollar, as concerns about the global economy overshadowed improved local retail sales data.

 

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:

 /  🏆 30. 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.

Improved cybersecurity laws needed to deal with rising SA cybercrime | IOL Business ReportCybercrimes across digital banking platforms alone increased by 75% in 2018.
Källa: IOL - 🏆 46. / 51 Läs mer »