Apologies, It seems that we couldn't find any results for ""
Try these search tips:
Please select which division you would like to log in to.
Please select which division you would like to register for.
The JSE tracked global markets on Friday on a path to recovery from sharp losses suffered in the previous session amid risk-off global trade. Shortly after the closing bell, the All Share gained 0.50%.
US stocks traded lower on Friday as investors expressed concerns over the possibility of a prolonged US-China trade war and the bearing it could have on the global economy. At 17h50, Dow Jones futures had lost over 1%.
European shares traded higher on Friday amid optimism that the US and China might still be able to salvage what’s left of the trade talks, even as a tariff hike on Chinese imports took effect. At 18h00, the pan-European Stoxx 600 gained 0.32%.
Chinese shares climbed while the yuan strengthened on Friday as the US-Sino trade negotiations continued in an attempt to rescue an ailing trade deal. The Hang Seng ended the day 0.84% in the green.
The Nikkei continued on a downward spiral for a fifth consecutive day on Friday amid ongoing trade negotiations between the world’s largest economies. At 18h00 on Friday, the Nikkei had lost over 0.20%.
The rand recorded a stellar performance on Friday afternoon, boosted by improved global sentiment and the general election results. At 18h15, the rand traded R14.34 against the dollar.
Gold prices were on track for a weekly gain on Friday after Washington made good on its promise to hike tariffs on Chinese goods amid crucial trade talks between the two countries. At 18h30, Spot gold was up trading at $1 285.85 an ounce.
Oil prices went up on Friday, boosted by tighter supply amid ongoing OPEC production cuts and US sanctions on Iran and Venezuela. At 18h45, a barrel of Brent crude was trading at $71.14.
Source: Reuters, Business Day, Trading Economics
Chief Investment Officer