MARKET WRAP: JSE has its worst month since October 2018

The JSE closed a little lower on Friday, tracking weak global markets, after the White House threatened to impose tariffs on Mexico in response to illegal migration from that country.

“An actual global trade war would likely drive SA’s economy into a recession more severe than the technical ones experienced at times in the current decade,” said Investec economist Annabel Bishop. “The global economy would also not likely recover quickly as increased protectionism hinders economic growth. A resultant weakening in SA’s growth would be likely, which would aid a credit-rating downgrade from Moody’s.”Asian markets were lower on Friday: the Shanghai Composite fell 0.

Tongaat Hulett slumped 7.73% to R16.70 after it said it needed to restate its financial statements for the year to end-March 2018 after identifying “past practices, which are of significant concern”, which the company said resulted in financial statements not reflecting its underlying business performance.

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 closes slightly firmer in cautious, quiet tradeGlobal events continue to drive market sentiment as investors wait for the next move in the US-China trade war
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: JSE closes slightly firmer in cautious, quiet tradeGlobal events continue to drive market sentiment as investors wait for the next move in the US-China trade war
Source: TimesLIVE - 🏆 28. / 59 Read more »

MARKET WRAP: JSE recovers a little after dismal weekThe local bourse snapped a five-session losing streak on Friday, but weakened for the third week in a row amid US-China trade war concern
Source: TimesLIVE - 🏆 28. / 59 Read more »

MARKET WRAP: JSE tracks weaker randThe local currency was by far the worst performing among emerging-market currencies on Tuesday, driven by global and domestic events
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: JSE ends higher, led by banks, as investors digest the new cabinetGlobal equities recovered a little from Wednesday’s sell-off, with banks faring best on the day, with the rand slightly firmer
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: JSE ends higher, led by banks, as investors digest the new cabinetGlobal equities recovered a little from Wednesday’s sell-off, with banks faring best on the day, with the rand slightly firmer
Source: TimesLIVE - 🏆 28. / 59 Read more »

Is social media becoming a pivotal piece of the market conduct puzzle?Momentum’s about-turn after its life insurance claim debacle shows that consumer opinion cannot be ignored
Source: BDliveSA - 🏆 12. / 63 Read more »

Nigerian government probe into MTN listing baffles the marketTelecoms giant is still dealing with that country’s auditor-general on a $2bn claim for back taxes The circus between mtn and nigerian gov is legendary..they alway pay billions of rands to the nigerian fiscus while south african costomers pay high data and airtime fees to fund its african adventures
Source: BDliveSA - 🏆 12. / 63 Read more »

Luxury for less: Two South African stores embrace the second-hand luxury marketCompanies reselling fancy brands are popping up across South Africa. Wanted sizes up the preloved luxury landscape
Source: BDliveSA - 🏆 12. / 63 Read more »

Nigerian government probe into MTN listing baffles the marketTelecoms giant is still dealing with that country’s auditor-general on a $2bn claim for back taxes Hahaha another shakedown The paid the first fine (bribe) , now the want more again . Shareholders paying for Nigerian corruption . Good luck with that 'investment'. Kikikikikikiki- MTN is their piggy bank.
Source: BDliveSA - 🏆 12. / 63 Read more »

Strong labour market boosts US consumer confidenceYield on the benchmark 10-year note drops to its lowest level since October 2017
Source: BDliveSA - 🏆 12. / 63 Read more »