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Most of the major indices have slipped as political uncertainty around the controversial Cabinet reshuffle and revelations of corruption at Eskom continued to hurt the JSE.
The optimism that spurred US stocks to yet another record has been missing in action throughout Asia and Europe, with European peers trading lower as Spain’s Catalan crisis deepened.
Europe's stock markets have fallen, with all eyes on Spain and whether Catalan will abandon a bid for independence ahead of a deadline imposed by Madrid.
Oil has traded near the highest close in three weeks as exports from northern Iraq fell by more than half after fighting between government troops and Kurdish forces.
The local bourse has firmed in line with global markets, while the rand edged lower following heightened political uncertainty.
The rand lost over 1% of its value against the dollar as international investors reacted to the news of President Jacob Zuma’s surprise Cabinet changes and as inflation accelerated to 5.5%.
The latest Cabinet reshuffle has continued to cause ripples on the JSE, but these were modest compared to similar reshuffles in the past, suggesting that the market is taking a breather.
European stock markets have mostly advanced, though Madrid fell as Spain threatened to suspend Catalonia's autonomy.
The rally on global markets have extended into Asia after another record on Wall Street, while eyes turn to a key meeting of China's leadership.
Hong Kong stocks have squeezed out a fifth straight gain following further records on Wall Street while Shanghai ticked higher as Chinese leaders kicked off a key meeting.
Stocks have treaded water as investors awaited the next catalyst, with central bankers due to speak and a deadline on Catalonia’s independence claim from Spain looming.
Europe's major stock markets have risen at the start of trading, with London's benchmark FTSE 100 index up 0.2% at 7 533.04 points.
Oil has extended gains as signs of declining US stockpiles pointed to healthy demand while investors weighed potential disruptions to supply.
All the major indices closed in the red, coinciding with the surprise Cabinet reshuffle by President Jacob Zuma.
Share prices on the JSE have dipped after a firm rally, with most of the major indices drifting slightly lower in morning trade.
Kirk Swart, share analyst at Overberg Asset Management, looks at the mounting pressures on the fast food industry in this week's share watch.
The rand lost more than 0.5% within minutes of President Jacob Zuma's announcement of yet another surprise Cabinet reshuffle.
Europe's major stock markets have steadied in opening deals.
Wall Street stocks have jumped to fresh records, boosted by bank shares that were lifted by expectations that the Federal Reserve will again increase interest rates this year.
Petroleum-linked shares have bounced early on higher oil prices as US stocks rose into record territory ahead of major earnings and housing data releases this week.


 
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