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The JSE has closed in the red yet again as it followed the trend in other major global bourses.
Stocks have been lower following the S&P 500 Index’s second-biggest selloff of the year, as investors digested the political upheaval in the US.
Gold futures have broken above $1 300 an ounce, rising to the highest level since November, as global stocks dropped
Markets are balanced on a knife edge as the US opening looms after the S&P 500’s second-biggest selloff this year.
The JSE has not escaped the global sell-off in shares, although losses were limited with gold shares the star performers as nervous global investors turned to gold and bonds.
Oil has headed for a third weekly drop as US crude output rose to a two-year high and Chinese refining slowed.
The local bourse has failed to gain any significant upside momentum after opening slightly firmer, as the volatile currency impacted rand sensitive stocks.
A strong recovery by the rand dampened share prices on the JSE in morning trade, with most indices only marginally higher in line with stronger global markets
The pound has extended gains versus the euro as UK retail sales rose more than forecast in July.
European stocks have halted their longest winning streak in a month, as traders weighed recent gains and odds fell of another US interest-rate increase this year.
Asian equities have been mixed with technology stocks rising after stellar earnings at Internet giant Tencent.
Oil has held losses near the lowest close in more than three weeks as investors weigh expanding US crude output against an extended decline in stockpiles.
Most Asian stocks have risen, led by technology shares after stellar earnings at Tencent. The yen climbed and the dollar extended declines after Federal Reserve meeting minutes reduced the odds of another US interest rate increase this year.
The local bourse was buoyed by Naspers which jumped on the back of an impressive set of results from its Hang Seng listed associate, Tencent Holdings.
US stocks have opened higher and the dollar and Treasuries were largely steady as investors held tight before the release of the latest Federal Reserve minutes.
Iron ore in the $70s a ton may be as good as it gets for some time. After rallying hard in June and July, the commodity may see its gains unravel.
Share prices on the JSE have traded higher in line with positive sentiment on world markets, despite a stronger rand and a drop in some commodity prices.
European stocks have advanced amid growing optimism over the region’s economy. The dollar and Treasuries were largely steady as investors tread water.
The pound has advanced and UK government bonds fell after the nation’s unemployment rate dropped to the lowest since 1975.
The JSE has edged lower as commodity prices eased on the back of lower geopolitical stresses between North Korea and the United States.


 
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