Stock markets weaker, pound under pressure Wed, 17 Jul 2019 18:54:50 +0200
Global stock markets have turned weaker after recent record gains in the US while growing concerns about a no-deal Brexit kept the pound under pressure.
The day's range was between R13.94 and R14.00.
The local bourse has retreated on Wednesday mainly on the back of broad-based weakness across most major global indices.
Wall Street stocks have edged down from records following mixed banking earnings and worrisome manufacturing data contrasted with strong US retail sales.
The JSE has advanced mainly on the back of a rally led by the financials index which rose on the back of a firmer rand.
Hong Kong stocks have ended higher in quiet trade as investors took a step back after recent gains, while looking ahead to the start of corporate earnings season.
European stock markets have edged higher, while the pound hit the lowest level versus the dollar in more than two years on Brexit deadlock.
Most Asian markets have been mixed as investors took a breather after a recent rally and as they awaited the start of the corporate earnings season.
Momentum continued to favour the bulls on Monday as Asian and US markets continued to advance, while the JSE All-Share index closes 0.27% firmer.
The day's range was between R13.83 to R13.93.
World stock markets have wavered on news that China's economy grew at its weakest pace in nearly three decades, hit by the US trade war.
Wall Street stocks have edged lower ahead of a deluge of quarterly earnings reports from large banks and other companies.
The JSE struggled for direction on Friday eventually closing marginally weaker as it faded towards the close.
The JSE retreated on Thursday led by losses on the resources index on the back of relatively weak mining production numbers as well as weaker rand metal commodity prices.
Leading gold producer AngloGold is pausing in the short-term before potentially renewing its uptrend. Its share price still has large upside potential.
The day's range was between R13.85 and R13.97.
The day's range was between R13.89 and R14.04.
The rand rose to the strongest level since February after Eskom's biggest bondholder was said to have a rescue plan for the state-owned company.
The day's range was between R13.85 and R13.99.
Tokyo stocks have risen, extending US rallies on growing expectations of a rate cut, while Nintendo surged after the game giant unveiled a scaled back, cheaper version of its Switch console.