The JSE closed higher on Thursday as the rand firmed following the Reserve Bank’s decision to cut the repo rate 25 basis points .
Gold was last seen down 0.11% to $1,424.10/oz while platinum had gained 0.21% to $845.61. Brent crude dropped 2.17Shortly after the JSE closed, the Dow had fallen 0.38% to 27,116.51 points. In Europe, the FTSE 100 had fallen 0.45%, France’s CAC 40 0.17%, and Germany’s DAX 30 0.7%. Anglo American fell 0.59% to R378.97. The diversified mining company said on Thursday that production rose by 2% for the quarter to end-June citing the successful ramp-up at Minas-Rio and strong performance at its metallurgical coal project.
South32 fell 1.23% to R28.93, after the miner said on Thursday that it is considering bids for its coal assets in Mpumalanga. inority shareholders declined a mandatory offer by the company’s founder Zak Calisto to buy them out.Richemont rose 0.27% to R120.79, after the luxury goods maker said sales increased by 9% at constant exchange rates for the first quarter ended June.
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.
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE weakens as global sentiment soursDonald Trump’s tariff threats against China spoils the mood on the day, with upbeat local data failing to lift local equities
Source: BDliveSA - 🏆 12. / 63 Read more »
Samsung steps up efforts to keep supplying microchip marketSamsung Electronics and SK Hynix turn to domestic suppliers for vital chemical after Japanese export controls threaten to disrupt global microchip market
Source: BDliveSA - 🏆 12. / 63 Read more »
Emerging-markets stocks fall on US-China trade tensionsThe rand slipped 0.2% ahead of the Reserve Bank’s rate decision
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: TheCitizen_News - 🏆 6. / 75 Read more »