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Markets WRAP: Rand closes at R14.8068/$

2019-06-12 10:04

The rand closed at R14.8068/$ on Wednesday.

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Last Updated at 18:51
12 Jun 17:13

Here's what the end of Wednesday brought: 

USDZAR 14.8068

EURUSD 1.1322

EURZAR 16.7559

GBPUSD 1.2726

GBPZAR 18.8352

AUDZAR 10.2856

CADZAR 11.1433

CNYZAR 2.1389

ZARJPY 7.3199

CHFZAR 14.8857

R186 8.37%

US 10 Year 2.12%

JSE -0.06%

FTSE -0.38%

S&P 500 -0.04%

Brought to you by TreasuryONE


12 Jun 10:04

Global stocks slip as rally pauses

Adam Haigh and Todd White, Bloomberg

Stocks slipped globally on Wednesday alongside US index futures amid signs the June revival in risk appetite may have overshot with trade concerns still lingering. Treasuries gained along with gold and the yen.

The Stoxx Europe 600 index opened lower for the first time in four sessions, after shares slipped across Asian markets.

Hong Kong led losses as demonstrators forced road closures in the city, while stocks dipped less in Shanghai, Tokyo and Seoul.

US President Donald Trump said he’s personally holding up a trade deal with China and won’t complete the agreement unless Beijing returns to terms negotiated earlier in the year. The dollar drifted and oil declined.

Just as investor concern over protectionism and global growth seemed to ease, Trump’s latest salvos at China and the Federal Reserve introduced fresh uncertainty.

With the president scowling at the central bank’s “way too high” interest rates in a tweet on Tuesday, traders will next focus on European Central Bank President Mario Draghi’s comments in Frankfurt and later on US consumer-price data for clues on the institutions’ policy paths.

“With no assurance that China will meet with the US on the sidelines of the G-20 later this month, trade tensions continue to fuel market uncertainty,” said Nema Ramkhelawan-Bhana, an economist at FirstRand Bank in Johannesburg. “Yet, the growing probability of Fed cuts is counterbalancing trade concerns.”


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