MARKET WRAP: Rand recovers some of its losses, JSE ends lower

The rand recovered some of Thursday’s heavy losses on Friday, but was off its intraday best levels, while the JSE closed weaker amid mixed global markets as investors digested the hotter-than-anticipated US jobs report.

The local currency, which dropped more than 3% on Thursday as the fate of Cyril Ramaphosa’s presidency hung in the balance, gained more than 1.6% earlier in the session, but could not hold on to the gains...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

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 WRAP: JSE soars on hopes of China easing stringent Covid measuresChinese authorities have lifted some restrictions in two main cities, but analysts caution against unrealistic expectations
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: Rand plunges as Ramaphosa hangs on by a threadJSE ends firmer but off earlier highs that saw the benchmark all-share index reach a level last seen in March
Source: BDliveSA - 🏆 12. / 63 Read more »

JSE and rand steady after Thursday's turmoil | BusinessThe JSE slipped a little on Friday morning, but the rand was steady, as markets continue to eye President Cyril Ramaphosa's next move as well as a key US jobs report. | News24_Business _Business Stop messing with our rand. He is not resigning. _Business If he lose conference what is going to happen because anc is political party like other parties
Source: News24 - 🏆 4. / 80 Read more »

Premier Group cancels IPO on JSE after local market turmoilPremier had announced in November that it would debut on the main board of the local bourse in early December
Source: BDliveSA - 🏆 12. / 63 Read more »