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Markets WRAP: Rand closes at R14.38/$

May 21 2019 08:40

The rand ended the day at R14.38 to the greenback.

International Markets

European stocks recover, pound falters

May 21 2019 16:26

European stock markets have recovered but concerns about the Huawei row and broader China-US trade war kept investors on edge.

International Markets

US stocks climb on Huawei reprieve; bonds mixed

May 21 2019 15:54

US stocks advanced on Tuesday following a mixed session in Asia as the trade-war driven back-and-forth that has dominated markets this month showed few signs of abating.


Rand, emerging market currencies on the backfoot amid US-China trade tensions

May 21 2019 12:51

The rand weakened in early trade, before strengthening somewhat, as uncertainty around US-China trade talks dampened demand for emerging markets currencies.

International Markets

European stock markets rebound at open

May 21 2019 11:08

European stock markets have rebounded at the start of trading, with London's benchmark FTSE 100 index up 0.4% at 7 336.97 points.


SA may find partners for $1 billion South Sudan oil block

May 21 2019 10:22

South Africa’s Strategic Fuel Fund is welcome to bring in partners to help it execute a $1bn agreement to drill for oil and build a refinery and pipeline in South Sudan, the central African nation’s oil minister said.

International Markets

Shock election results pump Aussie shares

May 20 2019 17:50

The Australian stock market closed at its highest level in more than a decade on Monday, on news of a shock election victory for the ruling centre-right government.


Stocks plummet as US takes aim at Chinese tech giant

May 20 2019 17:44

US tech giant Google has announced that it would be restricting Huawei's access to its android operating system due to the company being blacklisted.


Rand to remain under pressure as US-China trade tensions take centre stage

May 20 2019 11:04

The rand regained some ground against the dollar on Monday morning after weakening late last week, but is expected to remain under pressure as trade tensions between the US and China take centre stage.


Oil jumps as OPEC signals continued cuts and US threatens Iran

May 20 2019 07:40

Oil started the week strongly after Saudi Arabia and other OPEC+ members signaled intentions to keep supplies constrained for the rest of the year, while US tensions with Iran ratcheted up.


Local bourse weaker as China threatens to walk away from trade talks

May 17 2019 18:34

The impact of this new information was evident on the Shanghai Composite Index which fell 2.54%, while the Hang Seng lost 1.16%. Stocks in Japan advanced which saw the Nikkei close 0.89% firmer.


Rand ends week nearly 1% stronger

May 17 2019 16:35

The rand has ended the week nearly 1% stronger, on the back of the outcome of the general election which was in line with market expectations.


JSE inches higher as global stocks rise

May 16 2019 18:03

Despite gains being relatively mild, most of the equity indices managed to hang on to these gains to end the day firmer. In Asia the Shanghai Composite Index closed 0.45% firmer while the Hang Seng closed flat after only adding 0.02%.

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