MARKET WRAP: Rand firms on positive Covid-19 vaccine news

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

United States News News

The JSE closed firmer with the all share rising 0.72% and the top 40 0.76%

The rand was firmer on Tuesday as positive news about various Covid-19 vaccines lifted appetite for riskier assets, while investors remain optimistic over a US stimulus package.

The rand’s gain was its first in four days, while the gold price moved off its recent high, falling the most since mid-March.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.

 

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

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.

UK job market suffers massive loss due to Covid-19 pandemic job cutsAt least 220 000 were left without jobs in the United Kingdom after the country was put into lockdown as a result of the coronavirus pandemic, official figures showed Tuesday.
Source: IOL - 🏆 46. / 51 Read more »

RMI has intriguing options for cut-throat UK insurance marketRMI and Outsurance will be able to increase their shareholding in Hastings to 40% while working with an ambitious Finnish giant
Source: BDliveSA - 🏆 12. / 63 Read more »

Kenya’s tourism sector now game for bigger local marketReinvention is key as Covid-19 puts the brakes on international arrivals
Source: BDliveSA - 🏆 12. / 63 Read more »

The property market starts returning to pre-lockdown levels | CitypressOnline property listing portals saw a decline in activity at the start of the lockdown, but it has been increasing steadily, almost back to pre-lockdown levels.
Source: City_Press - 🏆 7. / 72 Read more »