MARKET WRAP: Rand and JSE gain for third day as markets await update on US stimulus

South Africa News News

MARKET WRAP: Rand and JSE gain for third day as markets await update on US stimulus
South Africa South Africa Latest News,South Africa South Africa Headlines

The rand has gained 2% against the dollar since September 1

The rand and the JSE recorded their third day of gains on Tuesday as optimism that the US will introduce more fiscal stimulus to mitigate the effects of Covid-19 lifted sentiment.

At 5.33pm, the rand had firmed 0.28% to R16.4686/$ and 0.10% to R21.3391/£, while it had weakened 0.23% to R19.4718/€. The euro had added 0.5% to $1.182.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 Sunday Times Daily.

 

South Africa South Africa Latest News, South Africa South Africa Headlines

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

MARKET WRAP: Markets boosted by renewed US stimulus hopes, JSE banks leapThe week ahead will be driven by US stimulus talks, with markets appearing certain a deal will come before the election, said one analyst
Read more »

Russia and Saudi Arabia agree to keep energy market stableLeaders of the two countries have not talked twice in a week since the April oil price war
Read more »

MARKET WRAP: Markets boosted by renewed US stimulus hopes, JSE banks leapThe week ahead will be driven by US stimulus talks, with markets appearing certain a deal will come before the election, said one analyst
Read more »



Render Time: 2025-01-10 06:54:55