MARKET WRAP: Rand biggest gainer among emerging markets

The rand was the biggest gainer among the emerging-market currencies on Friday after weaker-than-expected US wage growth fueled speculation that the US Federal Reserve is unlikely to raise interest rates any time soon.

“Any signs of wage growth cooling could rekindle speculation over the Fed cutting interest rates — something that will punish the dollar,” research analyst at FXTM Lukman Otunuga, said. Anglo American Platinum went up 3% to R733.34, Northam 5.63% to R60, Impala 4.57% to R59.27, and Lonmin 4.84% to R12.78.Standard Bank added 2.63% to R206.77, Absa 2.58% to R173 Nedbank 2.31%% to R278.79, Capitec 2.27% to R1,356.23 and FirstRand 1.27% to R69.37.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MARKET WRAP: Banks and financials gain despite fall in randThe all share gained 0.37% and the top 40 0.42% with banks and financials standing out as the biggest contributors
Source: TimesLIVE - 🏆 28. / 59 Read more »

MARKET WRAP: JSE slips ahead of data-heavy weekVolumes on the local bourse were low on Monday, ahead of a busy week in terms of global economic news, as well as Wednesday's public holiday
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: JSE pushes higher for fifth month in a rowThe local bourse closed a little lower on Tuesday, but ended April 3.66% up, with its monthly winning-streak the longest in five years
Source: TimesLIVE - 🏆 28. / 59 Read more »

MARKET WRAP: JSE pushes higher for fifth month in a rowThe local bourse closed a little lower on Tuesday, but ended April 3.66% up, with its monthly winning-streak the longest in five years
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: JSE slips ahead of data-heavy weekVolumes on the local bourse were low on Monday, ahead of a busy week in terms of global economic news, as well as Wednesday's public holiday
Source: TimesLIVE - 🏆 28. / 59 Read more »

Emerging-market currencies slip, including the randTurkey’s lira is heading for a seven-month low and a rating review, as SA elections are mulled by global markets
Source: BDliveSA - 🏆 12. / 63 Read more »

Oil major Total targets expansion in retail power marketThe French energy group is on course to hit target ahead of schedule
Source: BDliveSA - 🏆 12. / 63 Read more »

Oil major Total targets expansion in retail power marketThe French energy group is on course to hit target ahead of schedule
Source: BDliveSA - 🏆 12. / 63 Read more »

JSE trades a bit higher as market eyes new catalystsIt is a busy week in terms of corporate data and economic news, and volumes may be subdued by the Workers' Day public holiday on Wednesday
Source: BDliveSA - 🏆 12. / 63 Read more »

Trematon reports subdued activity in Western Cape property marketThe investment company expects the property market to show subdued returns over the next 12 to 18 months
Source: BDliveSA - 🏆 12. / 63 Read more »

Avocado industry should focus on Chinese market, says AgbizExport-led growth is aim of SA's agriculture sector because of profit greed DAFF_ZA & likes of AgriChamber push export of SA quality & ZAns eat leftovers WandileSihlobo South Africa still does not have access into China.
Source: BDliveSA - 🏆 12. / 63 Read more »