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Commodities

Rand briefly touches three-year high as dollar on back foot

Jan 16 2018 12:29

The rand has broken below the R12.30/$ level and even tested R12.20 to the greenback, although there is no clear reason for its sudden surge except the impact of the weaker dollar.

Commodities

Metals power higher as dollar spurs copper-to-gold rally

Jan 16 2018 09:16

Copper has jumped by the most in two months and zinc hit a fresh decade-high as base metals rallied on a softer dollar, dwindling inventories and a robust outlook for demand.

Commodities

Oil trades near 3-year high as hedge funds increase bullish bets

Jan 16 2018 07:33

Oil has traded near the highest close in three years as hedge funds increased their bullish bets on crude to the highest in more than a decade.

Currencies

Dollar weakens offers boost for global stocks

Jan 16 2018 07:15

The slide in the dollar toward its weakest in three years should be helpful for equity markets around the world, according to Michael Metcalfe at State Street Global Markets.

International Markets

Asia markets mostly up as Hong Kong rally resumes

Jan 16 2018 07:09

Asian markets have mostly risen again with Hong Kong resuming a rally towards its record high while the dollar struggled to recover from further losses against major peers.

Currencies

Rand shows strength ahead of interest rate decision

Jan 15 2018 17:52

The rand has been hovering around R12.36 to the dollar due to the US currency being on the back foot across the board owing to strong commodity prices.

Currencies

Dollar slide deepens as euro strength saps stocks

Jan 15 2018 13:39

Despite the US holiday, the dollar has dominated trading as it headed for a fourth day of declines, weakening against almost every major currency.

 
International Markets

Hong Kong shares up at break, closing on record high

Jan 15 2018 09:33

Hong Kong shares have ended the morning with more gains, putting the benchmark index on course for a 15th straight gain and its record high within range.

Commodities

Oil trades near 3-year high as Iraq joins call to keep cuts

Jan 15 2018 07:46

Oil has traded near the highest close in more than three years as Iraq echoed a call by the UAE and other producers that the Opec-led output cuts should continue, despite recent price gains.

International Markets

Asia markets extend rally as Hong Kong eyes record

Jan 15 2018 07:34

Asian traders have continued their blistering start to the year with most markets rising and Hong Kong within spitting distance of its record high, while the euro extended its gains against the dollar.

Equities

All sectors of the JSE close the week higher

Jan 12 2018 18:36

Resources continued to be the JSE's stand-out sector, finishing the day up 1.99%, while embattled retailer Steinhoff lost another 7.85%.

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