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 local bourse benefitted from easing trade tensions between the US and China, closing 0.46% in the green on Monday.
US stocks climbed on Monday, fuelled by gains in technology stocks on optimism for progress in US-China trade talks and signs of a likely reprieve for Chinese telecom company Huawei. At 20h30, the Nasdaq was up by 0.73%.
European shares surged on Monday, led by trade-sensitive technology stocks after the US and China agreed to restart trade negotiations. At 20h30, the DAX was up by 0.99%.
US President Donald Trump’s decision to allow US firms to sell “high tech” products to Huawei led Asian investors to snap up shares in suppliers to the Chinese smartphone maker on Monday. The Shanghai Index traded 2.22% in the green at 20h30.
The Nikkei jumped over 2% yesterday as risk sentiment improved after the US and China agreed to restart trade talks, while tech shares also got a lift on an easing of restrictions on Huawei. The Nikkei share average ended up 2.13%.
The rand was slightly weaker against the dollar on Monday afternoon, giving up earlier gains, as markets continued to digest a ceasefire in the US-China trade war. At 20h30, a dollar traded at R14.14.
Gold prices fell on Monday as the dollar rallied after the US and China agreed to restart trade talks, boosting investor appetite for riskier assets. At 20h30, an ounce of spot gold traded at $1 384.34.
Oil prices rose over $2 a barrel on Monday as Opec and its allies looked on track to extend supply cuts until at least the end of 2019 at their meeting in Vienna this week. A barrel of Brent crude traded at $65.76 at 20h30.
Source: Reuters, Business Day, Trading Economics
Chief Investment Officer