What a difference a year makes - upbeat rand the top-performing emerging market currency Tue, 20 Apr 2021 11:47:37 +0000
The rand has been the best performing emerging market currency on a year-on-year basis and since the start of the year, says an economist.
Stock markets slid Tuesday, with Wall Street continuing to retreat from record highs and Japan fearing a renewed Covid-19 surge.
US stocks opened lower on Tuesday, as traders continued to cash out of the recent rally and worry that the market has hit its peak.
Tokyo's benchmark Nikkei index closed down nearly two percent Tuesday, weighed down by falls on Wall Street and concerns about rising virus cases in Japan.
Tokyo led a sell-off in Asian markets on Tuesday after Wall Street pulled back from record levels in overnight trade and with Japan fearing a renewed Covid-19 surge.
Hong Kong stocks finished slightly higher Tuesday after Wall Street equities pulled back from record levels overnight.
European stock markets mostly fell at the start of trading on Tuesday following declines on Wall Street and Asia overnight.
Goldman Sachs says the risk that have weighed on EM FX in 2021 are likely to continue to generate volatility and create opportunities.
Asian markets rose on Monday after recovery hopes for the coronavirus-battered US economy fuelled another round of record highs on Wall Street to close last week's trade.
Europe's main stock markets advanced slightly at the start of trading on Monday following a flat showing in Tokyo, with bitcoin in focus after falling sharply at the weekend.
Tokyo stocks closed flat on Monday as concerns over the spread of coronavirus variants offset buying sentiment backed by gains in the tech sector.
Hong Kong equities were higher in Monday morning trade after new record highs for Wall Street prompted by optimism over US economic growth.
Stock markets rose around the world on Friday as strong economic data out of China fuelled optimism over the global economic recovery.
Wall Street stocks shot to fresh records on Thursday following blowout earnings from large banks and strong US labor and retail sales data.
Asian markets rose Friday as record Chinese economic growth reaffirmed the country's strong recovery, while traders tracked a Wall Street surge fuelled by blockbuster reports on US consumer spending and jobless claims.
Shares in Hong Kong and Shanghai ended the week on a strong note Friday, after data showed China's vast economy expanded at a record pace in the first quarter of the year.
European stock markets rose slightly at the open Friday, as strong economic data out of China fuelled optimism over the global economic recovery.
European stock markets rose at the start of trading on Thursday with the earnings season in full flow.
Tokyo stocks closed slightly higher on Thursday in cautious trade as fears mount over rising coronavirus infections in Japan.
Markets were mixed in Asia on Thursday as investors put the brakes on a recent rally that has some worried valuations may have run a little too high.