The JSE was lower on Thursday with banks leading losses, while global markets await the EU’s decision amid speculation that the it may give its verdict on a Brexit extension by Friday.
The European Central Bank opted to keep the deposit facility rate unchanged at -0.5% on Thursday, in line with market expectations. This marked ECB president Mario Draghi’s final policy announcement before handing over the reins to former International Monetary Fund head Christine Lagarde. Gold was up 0.7% to $1,502.19/oz, breaking through $1,500 for the first time in almost two weeks, and platinum added 0.51% to $925.06. Brent crude gained 0.61% to $61.41 a barrel.
The JSE all share fell 0.17% to 55,478.50 points and the top 40 0.24%. Banks fell 1.4% while gold miners gained 2.28%. Clicks rose 0.24% to R239.58. The retailer said on Thursday that its group turnover increased 7.2% in the year to end-August.
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: JSE drops for a second day on Brexit concernsConsumer inflation moderated to an annualised 4.1% in September from 4.3% in August, according to data from Statistics SA
Source: BDliveSA - 🏆 12. / 63 Read more »
SA retains leadership in financial market developmentThe Absa African Financial Market index shows an overall improvement in the development of markets, while SA retains number one position
Source: BDliveSA - 🏆 12. / 63 Read more »
Every allegation Zille made about Mashaba is wrong: Free Market FoundationHelen Zille has been hectic on media platforms since her election as DA chair of federal council on Sunday and some of the comments she made about outgoing City of Joburg mayor Herman Mashaba did not sit well with one foundation that has called her to order. But Godzille, as Zille is widely known on social media streets, has had none of it. Dear Helen. If you stop talking and listen careful you’ll hear DA votes crashing to the ground. By returning to duty you have proven how much minority strategies will never work in SA. For once understand we need universally relevant politics lead by competent black leadership.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Market data — October 22 2019Market data including bonds, unit trusts and fuel prices
Source: BDliveSA - 🏆 12. / 63 Read more »
Clicks eyes further market share amid double-digit sales growthHeadline earnings per share for the year to end-August rose 12.2%
Source: BDliveSA - 🏆 12. / 63 Read more »
JEREMY THOMAS: Ode to PE, PE’s odour and lessons owing to market timingJEREMY THOMAS: Ode to PE, PE’s odour and lessons owing to market timing 🔒
Source: BDliveSA - 🏆 12. / 63 Read more »