The JSE closed lower on Friday, falling for a second consecutive week, as escalating US-China trade tension has countered positive post-election sentiment.
There were also contradictory messages regarding the resumption of US-China trade negotiations, reported Dow Jones Newswires, with a Chinese official saying that negotiations had been “severely hampered” by higher tariffs imposed by the US last week. Markets are also watching for any signs of the composition of President Cyril Ramaphosa’s new cabinet, which will be closely scrutinised as investors wait to see how effective he will be in pursuing an anticorruption and pro-growth agenda. Ramaphosa is expected to appoint his cabinet next Sunday, a day after his inauguration.
Tsogo Sun gave back 0.23% to R21.34. It said earlier that adjusted headline earnings per share for its year to end-March were expected to be between 3% and 7% lower than in the prior corresponding period.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MARKET WRAP: JSE has worst week in 14 months amid US-China trade jittersBy the close of trade on Friday the JSE was down 4.31% for the week, falling every day to Thursday
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE weakens despite some post-election supportAn escalation in the US-China trade war put paid to earlier gains, with only banks and retailers avoiding the worst of the rout
Source: SundayTimesZA - 🏆 47. / 51 Read more »
MARKET WRAP: Poor economic data pushes JSE to six-week lowEbbing fears about the US-China trade war failed to lift the local bourse, with Naspers falling after authorities blocked its bid to buy WeBuyCars
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE closes higher despite US-China strifeThe all share was up 0.88% with resources leading the gains, up 1.08%; the top 40 rose 0.97%
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE closes higher despite US-China strifeThe all share was up 0.88% with resources leading the gains, up 1.08%; the top 40 rose 0.97%
Source: TimesLIVE - 🏆 28. / 59 Read more »
MARKET WRAP: Rand firmer despite employment numbers6.2-million people in the country are actively looking for work.
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: dailymaverick - 🏆 3. / 84 Read more »
Rand leads emerging-market currencies in mild risk-on tradeInvestors await further developments in the US-China trade war, but the local currency is still benefiting from positive post-election sentiment
Source: BDliveSA - 🏆 12. / 63 Read more »
OPINIONISTA: Investing in the stock market: EndgameThe JSE has been under pressure for the past few years, but the result does not have to mimic the Avengers movie Infinity War. A happy ending is still possible here. Over to you President Cyril Ramaphosa.
Source: dailymaverick - 🏆 3. / 84 Read more »