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Today's News

Bitcoin falls below $20 000 for the first time since 2020 Sat, 18 Jun 2022 10:39:12 +0000

Bitcoin dropped below $20 000 for the first time since December 2020 as evidence of deepening stress within the crypto industry keeps piling up against a backdrop of monetary tightening.

Global markets on track for worst week since 2020 Sat, 18 Jun 2022 12:20:18 +0000

World stocks headed for their worst week since markets' pandemic meltdown in March 2020 as leading central banks doubled down on tighter policy in an effort to tame inflation, setting investors on edge.

Fed lifts rates by 75 bps - the biggest hike in 28 years Wed, 15 Jun 2022 22:00:30 +0000

The Federal Reserve raised interest rates by three-fourths of a percentage point, the biggest increase since 1994.

European Central Bank calls emergency meeting Wed, 15 Jun 2022 11:12:36 +0000

European Central Bank policymakers called an emergency meeting on Wednesday, as more indebted eurozone states have come under pressure from rising borrowing costs.

Rand back below R16 ahead of expected big Fed hike Wed, 15 Jun 2022 11:38:42 +0000

Markets are waiting to see the size of an interest rate hike that the US Federal Reserve will deliver later on Wednesday.

JSE, rand remain under pressure as global recession fears linger Tue, 14 Jun 2022 14:08:45 +0000

Panic has swept through trading floors since data on Friday showed US consumer prices rising at their fastest pace in decades on surging energy and food costs caused by the Ukraine war and supply chain snarls.

Coming clean: What the JSE's guide for sustainability and climate change disclosures is all about Wed, 15 Jun 2022 05:00:18 +0000

The JSE has published a guide for companies to improve their reporting on sustainability and climate-related impacts.

Slumping markets gripped by fears over runaway inflation Mon, 13 Jun 2022 18:40:47 +0000

Global equities, oil prices and bitcoin plunged Monday on heightened recession fears triggered by runaway inflation.

Crypto crash: Bitcoin has now tanked 66% since record high Mon, 13 Jun 2022 18:22:33 +0000

Bitcoin tumbled Monday to an 18-month low under $23 000 in a broad cryptocurrency crash, as investors shunned risky assets in the face of a vicious global markets selloff, just seven months after the virtual unit surged to a record high.

'Extreme fear.' JSE, rand bleed amid global market selloff Mon, 13 Jun 2022 15:03:17 +0000

The JSE's All-Share index lost more than 2% on Monday.

Rand crashes through R16/$ as market prepares for big US rate hike Mon, 13 Jun 2022 08:50:47 +0000

The dollar continued to push higher on expectations for a sharp increase in US rates.

June brings good fortune for beleaguered Chinese stocks Sat, 11 Jun 2022 09:29:22 +0000

The tide appears to be turning as China eases Covid curbs and a crackdown on tech firms.

Rand slumps almost 3% as hot US inflation data backs case for Fed rate hikes Fri, 10 Jun 2022 16:49:18 +0000

The dollar rallied on Friday, after data showed US consumer prices accelerated in May, suggesting the Federal Reserve may have to continue with interest rate hikes through September to combat inflation.

Toxic cocktail darkens outlook for British pound Fri, 10 Jun 2022 15:30:08 +0000

A toxic cocktail of sluggish growth and high inflation, plus Brexit and fallout from the coronavirus pandemic, is set to weigh on the pound in the coming months, economists warned.

JSE on track to lose more than 3% this week amid global jitters over rate hikes, inflation Fri, 10 Jun 2022 12:10:39 +0000

World stocks hit a two-week low on Friday as rate hike guidance from the European Central Bank and jitters over upcoming US inflation data stoked concerns about global growth.

Markets hit as inflation fears ramp up, but rand barrels ahead Thu, 09 Jun 2022 10:20:50 +0000

Most Asian and European markets fell Thursday as a rally in oil ramped up inflation fears, with top officials warning of more pain to come as the Ukraine war continues to push prices up and put further pressure on the global economy.

Stocks lower as global recession fears weigh on sentiment Wed, 08 Jun 2022 19:08:07 +0000

Stock markets were lower on Wednesday as investors weighed the prospect of recession while inflation soars around the world.

Stocks retreat, as yen hits 20-year dollar low Tue, 07 Jun 2022 14:39:59 +0000

Major stock markets mostly retreated Tuesday, while the yen struck a fresh 20-year low against the dollar.

Rand at risk of volatility as Reserve Bank implements policy change Tue, 07 Jun 2022 15:01:55 +0000

A change in the way South Africa’s central bank implements monetary policy may lead to greater volatility in the rand.

Iron ore prices surge amid optimism over China’s recovery plans Mon, 06 Jun 2022 12:30:25 +0000

Iron ore topped up its biggest weekly gain in 13 weeks as traders tracked China’s moves to rein in Covid-19 restrictions that have weighed on steel demand this quarter.

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