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Today's News

Iron ore powers higher as China's clean-air push boosts demand Mon, 18 Dec 2017 11:59:40 +0200

Iron ore’s in the ascendant as an environmental cleanup in China tightens the supply of higher-grade material that’s less polluting and allows steelmakers to maximise production.


Rand rises on optimism for Ramaphosa to win ANC vote Mon, 18 Dec 2017 08:26:33 +0200

The rand has advanced to a three-month high against the dollar as delegates at the ruling African National Congress’ conference started to elect a new leader.


Oil holds gains near $57 as US drillers trim crude rig count Mon, 18 Dec 2017 07:44:39 +0200

Oil has held gains near $57 a barrel as US drillers targeting crude reduced the rig count for the first time in four weeks.


Asian markets jump as US tax cuts move step closer Mon, 18 Dec 2017 07:34:48 +0200

Asian markets have rallied, tracking fresh records on Wall Street, while the dollar held gains as Donald Trump's much-hyped tax cuts moved a step closer to being passed.


Rand tests R12.90/$ as traders bet on Ramaphosa win Sun, 17 Dec 2017 23:45:11 +0200

The market, which is keenly watching the ANC elective conference, is pricing in a win for Cyril Ramaphosa as next party leader, with the rand already testing levels under R12.90/$.


Investors with strong nerves reap rewards as rand's carry soars Sat, 16 Dec 2017 09:59:25 +0200

For investors with strong stomachs, the rand has provided ample reward over the past month, and there may be more to come on the back of the ANC leadership race.


Markets lower ahead of ANC elective conference Fri, 15 Dec 2017 17:50:42 +0200

The local bourse closed weaker on Friday as the gains from the previous day’s bounce were quickly erased.


UPDATE: Rand soars on Ramaphosa optimism, dips under R13.10/$ Sat, 16 Dec 2017 00:36:39 +0200

The rand strengthened more than 3% to trade under R13.10 to the US dollar amid optimism that Deputy President Cyril Ramaphosa would be victorious in the race for ANC president.


US stocks decline on reports of tax cut opposition Fri, 15 Dec 2017 07:47:18 +0200

Wall Street stocks have retreated as reports of congressional opposition to the tax cut plan and worries about lofty equity valuations ended the Dow's run of records.


Asian markets slip with Wall Street as tax reform fears bite Fri, 15 Dec 2017 07:42:09 +0200

Asian markets have mostly headed into the weekend with losses following a sell-off on Wall Street as traders fear US lawmakers will fail to pass much-vaunted tax cuts.


Oil in 2018 is a duel between visions of Opec victory or defeat Fri, 15 Dec 2017 07:36:43 +0200

The two most critical forecasts of global oil markets offer contrasting visions for 2018: one in which Opec finally succeeds in clearing a supply glut, and another where that goal remains elusive.


JSE breaks losing streak Fri, 15 Dec 2017 17:49:47 +0200

The JSE closed firmer on Thursday as it broke a streak of consecutive losing sessions.


Pound climbs into BoE decision after Black Friday boosts retail Thu, 14 Dec 2017 13:57:06 +0200

The pound has risen heading into the Bank of England’s final interest-rate decision of the year after retail sales were boosted by Black Friday to beat economist expectations.


Oil trades near $57 as US crude output climbs to fresh record Thu, 14 Dec 2017 10:05:29 +0200

Oil has traded near $57 a barrel as US crude output climbed to a fresh record, offsetting a bigger-than-forecast drop in stockpiles.


Traders brace for 'explosive' rand moves after ANC election Thu, 14 Dec 2017 10:25:27 +0200

Just days before the ANC elects a new leader to replace President Jacob Zuma as party head, the rand’s implied volatility versus the dollar has shot up to levels last seen in 2008.


Hong Kong stocks build on gains at open Thu, 14 Dec 2017 09:57:54 +0200

Hong Kong stocks have pushed ahead with gains at the open of trade as investors took their cue from another Wall Street record after an upbeat assessment of the US economy.


Asia markets swing as traders focus on Fed meeting Thu, 14 Dec 2017 07:46:17 +0200

Asian markets have swung in and out of positive territory as investors brushed off another record close on Wall Street and looked ahead of the Fed's latest policy meeting.


Dollar suffers further losses as Fed fails to inspire Thu, 14 Dec 2017 07:41:36 +0200

The dollar has suffered fresh losses as Asian investors followed their New York counterparts in shifting out of the unit, unmoved by another interest rate hike and the upbeat economy.


Dow ends at another record, dollar dips as Fed hikes interest rates Thu, 14 Dec 2017 07:35:11 +0200

The Dow has finished at another record Wednesday while the dollar retreated as the Federal Reserve lifted interest rates and the US tax cut plan moved forward in Congress.


Local equities weaker as inflation slows Wed, 13 Dec 2017 18:04:12 +0200

The JSE closed weaker on Wednesday as the current selling pressure in most of the blue chip stocks persisted.


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