Rand’s record-busting slump may not be over, options suggest Fri, 03 Apr 2020 20:59:51 +0200
It’s been pummeled by the risk sell-off sparked by the spread of the coronavirus, as well as a downgrade to junk by Moody’s Investors Service last week.
JSE wrap: Global stocks sell-off as US jobs data disappoints Fri, 03 Apr 2020 19:18:06 +0200
On the currency market, the rand continued to slump against the dollar and failed to get a reprieve even as the greenback wobbled due to the weaker jobs data
Rand breaches R19/$ mark as Fitch downgrades SA further into 'junk' Fri, 03 Apr 2020 18:33:21 +0200
The rand has been the worst performing EM currency over the past year.
JSE wrap: Markets spurred on hopes of oil production cuts Thu, 02 Apr 2020 19:43:53 +0200
Stocks in Europe and the USA traded mostly in the green as momentum picked up for stocks primarily on the back of a report that Donald Trump would announce oil production cuts which could help boost oil prices
Local stocks softer as global sentiment turns sour Wed, 01 Apr 2020 19:47:56 +0200
With most countries under lockdown, the trend of job losses could extend across all the major global economic centers
JSE wrap Tue, 31 Mar 2020 18:17:14 +0200
The financials index rebounded strongly following weakness in the prior session which was induced by the weaker rand and the downgrade of South Africa’s sovereign rating
JSE wrap Mon, 30 Mar 2020 18:44:45 +0200
Stocks in the US managed to open firmer despite the announcement by Donald Trump that the opening of the US economy could be delayed up until the end of April.
Oil plummets to 17-year low as broken market drowns in crude Mon, 30 Mar 2020 11:33:03 +0200
New York crude briefly dipped below $20 a barrel.
Asian markets mostly down as virus fears grow Mon, 30 Mar 2020 09:59:55 +0200
Asian markets fell Monday following a steep drop on Wall Street as the jubilation from last week's enormous US stimulus package faded and investors returned their attention to the soaring infection and death rate of the coronavirus.
JPMorgan says the market rout is probably past its worst now Mon, 30 Mar 2020 08:56:12 +0200
But not everyone sees the bottom as necessarily in, with a Goldman Sachs Group analyst saying the market may turn lower in coming weeks.
Rand falls to record overnight low against dollar Mon, 30 Mar 2020 07:59:25 +0200
The rand has been the worst performing emerging market currency over the past week.
Asia markets mostly up after US senate passes $2 trillion stimulus package Thu, 26 Mar 2020 08:49:27 +0200
Asian markets mostly rose Thursday as investors breathed a sigh of relief that US senators have finally passed a gargantuan stimulus package for the world's top economy after being delayed by wrangling over details.
Stocks remain buoyant as US stimulus bill is passed Wed, 25 Mar 2020 18:01:56 +0200
The rise was linear for all the major indices particularly for US equity benchmarks which whipsawed between gains and losses.
WATCH Tue, 24 Mar 2020 19:17:08 +0200
Founder & Managing Director of Bourse Communications Rod North, Chairman and CIO of Bellwether Partners David Stevens and Founder of Appellon Sue Jauncey discuss the new realities investors face in this time of crisis.
Stocks rally on stimulus hopes Tue, 24 Mar 2020 18:05:55 +0200
With United States Congress inching closer to passing a stimulus bill which could aid the US economy, investors looked to take a bite at riskier assets.
Rand firms slightly against dollar in early trade, but 'toughest week of the year' looms Tue, 24 Mar 2020 11:05:19 +0200
While gaining ground against the greenback, the local currency fell against the pound and the euro.
Gold rallies as Goldman sees 'inflection point' after sell-off Tue, 24 Mar 2020 08:57:18 +0200
Gold extended a surge toward $1 600 an ounce after the Federal Reserve took unprecedented measures to protect the US economy from the coronavirus shock.
Stocks slip further as they await US Congress decision Mon, 23 Mar 2020 18:09:48 +0200
United States markets did rebound following the announcement of an open-ended quantitative easing which will see the US Fed pump more stimulus into the economy.
European stocks rise, but Wall Street slumps Fri, 20 Mar 2020 21:27:50 +0200
European stock markets pushed higher Friday at the end of another volatile week as the ECB unleashed fresh stimulus to boost the economy as coronavirus grips the continent.
Oil extends gains but stays below $30 Fri, 20 Mar 2020 21:25:21 +0200
Oil rose further Friday after a dramatic rebound from multi-year lows but stayed below $30 a barrel on fears the deadly coronavirus will push the world into recession with an oversupply.