MARKET WRAP: Global economic recovery hopes fuel rand rally

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

This week focus shifts to US corporate earnings for the second quarter as investors try to gauge the effect Covid-19 has had on companies there

This week’s focus shifts to US corporate earnings for the second quarter as investors try to gauge the effect Covid-19 has had on companiesThe rand had its fourth session of gains on Monday as recent positive economic data fuelled hope that the global economy will soon recover.

At 5.32pm, the rand had firmed 0.46% to R16.6889/$ and 0.39% to R21.0517/£, while it was flat at R18.9567/€. The euro strengthened 0.56% to $1.1359.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

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

Market data — July 13 2020Market data including bonds and fuel prices
Source: BDliveSA - 🏆 12. / 63 Read more »

S&P slashes emerging market GDP forecastsRevisions reflect that the Covid-19 pandemic is likely to worsen in many emerging markets
Source: BDliveSA - 🏆 12. / 63 Read more »

MICHEL PIREU: The stock market through the looking glassThe search for answers to their own behaviour tends to separate the winners from the wannabes
Source: BDliveSA - 🏆 12. / 63 Read more »

Rand muted as market awaits new dataIt is expected that the upcoming earnings season will help in assessing the damage the Covid-19 pandemic has caused
Source: BDliveSA - 🏆 12. / 63 Read more »