Iron ore’s brutal collapse under $100 flags more trouble ahead Fri, 17 Sep 2021 15:59:01 +0000
Iron ore sank below $100 a ton as China’s moves to clean up its heavy-polluting industrial sector spurred a swift and brutal collapse.
Asian markets sink as US data fails to temper virus woes Wed, 15 Sep 2021 10:10:59 +0000
Asian markets sank Wednesday as a slowdown in US consumer inflation failed to overcome concerns about the fast-spreading Delta variant, while Hong Kong was dragged by a collapse in casino firms as Macau unveiled a planned crackdown on the sector.
Aluminium breaks $3 000 for the first time in 13 years Mon, 13 Sep 2021 12:54:35 +0000
Aluminium broke $3,000 a ton for the first time in 13 years Monday on supply concerns while equity markets were mixed as record high US inflation ramped up concerns the Federal Reserve will have to tighten monetary policy sooner than later.
More strategists say a storm Is brewing in the US stock market Fri, 10 Sep 2021 15:47:54 +0000
Strategists from almost all the top Wall Street banks have come out this week with a nervous message about the U.S. stock market.
‘Bulletproof’ rand is the world's top emerging market currency so far this year Fri, 10 Sep 2021 13:14:59 +0000
The rand has reclaimed its position as the best-performing emerging-market currency this year after being knocked off the top spot during last month’s bout of volatility.
Asian markets rally as Biden, Xi talk as Hong Kong leads way Fri, 10 Sep 2021 10:05:30 +0000
Asian markets bounced back Friday from the previous day's losses, with talks between Joe Biden and Xi Jinping adding to the positive mood heading into the weekend.
ECB stimulus tweak leaves eurozone stocks unscathed Thu, 09 Sep 2021 16:23:22 +0000
Eurozone stocks steadied Thursday after the European Central Bank only tweaked its pandemic stimulus measures and insisted surging prices are only temporary.
Stocks down on taper fears, aluminium hits 13-year high Wed, 08 Sep 2021 19:12:08 +0000
European and US markets extended losses Wednesday on worries central banks may soon begin winding down stimulus measures while aluminium prices hit a 13-year high after the coup in top global producer Guinea.
UAE and Zimbabwe sign pact that may lead to a Victoria Falls gold exchange Wed, 08 Sep 2021 12:18:13 +0000
The Dubai Gold & Commodities Exchange and Zimbabwe’s Victoria Falls Stock Exchange signed a memorandum of understanding that may lead to the establishment of a gold market in the African country.
Asian markets dragged down as Delta, profit-taking offset rebound hope Wed, 08 Sep 2021 10:40:12 +0000
Asian markets mostly fell Wednesday as a tepid lead from Wall Street and worries about the impact of the Delta variant on the global recovery tempered investor appetite, though hopes for more stimulus helped Tokyo extend its recent rally.
Bitcoin plunges as biggest test in its 12-year history has a rocky first day Tue, 07 Sep 2021 18:32:34 +0000
El Salvador’s experiment using Bitcoin as legal tender had a rocky start as its price crashed on its first day as legal tender, while the roll-out was hampered by technical glitches.
European stocks slide despite Asia gains, bitcoin bounces Tue, 07 Sep 2021 15:18:29 +0000
European equities dipped Tuesday as investors turned cautious after recent gains, while bitcoin briefly bounced after becoming legal tender in El Salvador.
Asian markets mostly up as weak US data soothes taper worries Mon, 06 Sep 2021 12:44:03 +0000
Asian markets mostly rose Monday after a big miss on US jobs creation last month fuelled optimism that the Federal Reserve will hold fire on tapering its massive financial support programme, while Tokyo extended last week's rally on hopes for more ec
US dollar, stocks hit as jobs disappoint Fri, 03 Sep 2021 17:52:31 +0000
The US dollar took a dive and gains in stocks evaporated after disappointing US jobs data, while Tokyo rose on stimulus hopes after Japan's prime minister signalled his exit.
Bitcoin 'hash crash' rebound points to miners plugging back in Fri, 03 Sep 2021 14:15:43 +0000
Call it the "hash crash" — the steep drop in computing power for the Bitcoin network as Chinese operations pulled the plug amid the government crackdown.
SA public warned about doing business with world's biggest cryptocurrency exchange Fri, 03 Sep 2021 13:09:11 +0000
The FSCA warned that - in addition to Binance not being authorised to provide any financial services or business - crypto-related investments are currently not regulated by the FSCA or any other regulatory body in South Africa.
Asian markets mostly up ahead of US jobs, PM move boosts Tokyo Fri, 03 Sep 2021 10:30:25 +0000
Most markets rose in Asia on Friday following another record close on Wall Street ahead of US jobs data, while Tokyo led gains on hopes for fresh stimulus after Japan's prime minister said he would step down.
Stock markets rise on positive US jobless data Thu, 02 Sep 2021 20:14:56 +0000
Stock markets rose on Thursday, buoyed by a strong opening on Wall Street following a drop in jobless claims in the world's biggest economy, traders said.
Asian markets mostly up as traders weigh recovery against Delta Wed, 01 Sep 2021 09:46:56 +0000
Asian markets mostly rose Wednesday as investors tried to assess whether the global recovery will be resilient enough to withstand the fast-spreading Delta Covid variant.
Dollar weakness pushes sterling to two-week high Tue, 31 Aug 2021 15:18:52 +0000
The pound extended gains on Tuesday to a two-week high against the dollar, which weakened after US Federal Reserve Chair Jerome Powell did not signal a timeline for a policy shift.