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 ended the week with a four-week winning streak, but the renewed blackouts across South Africa and geopolitical tension fuelled investor unrest, especially towards emerging markets. At the closing bell, the JSE All Share Index was 0.62% higher.
Despite posting gains
for the week, most US indices closed down on Friday due to lower-than-expected
jobs data for December and a sell-off in stocks. The S&P 500 ended down by
European markets traded flat on Friday as strong travel and leisure shares were countered by weak US jobs growth for December. The pan-European STOXX 600 Index lost 0.12%.
Hong Kong shares
closed higher on Friday due to upbeat trade as investors anticipated the first
phase of a US-China trade agreement. At 22h25 on Sunday, the Hang Seng was
Japanese markets rose on Friday on the back of eased tensions in the Middle East and optimism around a possible Phase 1 trade agreement between the US and China. The Nikkei traded
0.47% higher on Sunday at 22h25.
The local currency
had a strong run in the past week, however, renewed load shedding and the
resignation of Eskom Chairman Jabu Mabuza on Friday afternoon weighed on the
rand. At 22h30 on Sunday, the dollar was trading at R14.34, the pound at R18.69
and the euro at R15.95.
Gold prices soared in
the past week as investors sought refuge in safe-haven assets due to the
tensions between Washington and Tehran. Spot gold traded at $1 562.22 at 22h30
The head of the International Energy Agency said on Friday that the “global oil market is expected to be well-supplied in 2020 and demand growth could stay weak, keeping a lid on prices”. At 22h25 on Sunday, a barrel of Brent crude traded at $65.86.
Source: Reuters, Business Day, Trading Economics
Chief Investment Officer