MARKET WRAP: China data gives the rand and JSE a welcome boost

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

United States News News

Factory activity in the world’s second-biggest economy far exceeded expectations, which is good news for commodity producers

The rand showed signs of strengthening to below R18 to the dollar Wednesday while the JSE gained the most in almost two months as strong data from China pointed to a growing rebound after the lifting of country’s stringent Covid-19 regulations.

Factory activity in the world’s second-biggest economy far exceeded expectations, with the country’s official manufacturing purchasing managers index rising to 52.6 points in February, well above above Bloomberg’s market consensus of 50.6. That’s also the fastest growth in almost a decade and the highest since April 2012, when it reached 53.5...

 

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.

MARKET WRAP: JSE ends weaker month on higher noteInterest rate concerns are back in focus after hawkish talk from the US Federal Reserve and the European Central Bank
Source: BDliveSA - 🏆 12. / 63 Read more »

Business Maverick: Asia stocks track US gains, Aussie outperforms: markets wrapStocks in Asia rose, tracking similar gains in the US as investors continued to weigh the potential for a soft landing given expectations for higher interest rates.
Source: dailymaverick - 🏆 3. / 84 Read more »

WATCH: Market ReportBusiness Day TV speaks to Caroline Cremen from Adviceworx
Source: BDliveSA - 🏆 12. / 63 Read more »