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.
Thank you for all your support throughout 2019. We wish you a joyous holiday season and a prosperous New Year. We’ll be back again on 13 January 2020.
Although the JSE closed down on Thursday due to weak performances by banks, financials and the platinum index, it reached its best close since mid-September 2019. At the closing bell, the JSE Top 40 was 0.36% lower.
Investors were unconcerned by US President Donald Trump being impeached, expecting him to remain in office; however, Wall Street opened slightly higher on Thursday as it was boosted by a drop in weekly jobless claims. Shortly after the JSE closed, the Dow was up 0.25%.
Thursday was an uneventful day for European markets, and some experts noted, “it’s very much a period of digestion of news, and maybe thoughts for 2020, rather than anybody looking to do much before the year-end.” The pan-European STOXX 600 Index gained 0.17%.
On Thursday, the Hong Kong benchmark index logged a 5.50% rise in December, but as investors cashed in on gains, it recorded a loss for the trading day. The Hang Seng fell 0.30%.
Japanese markets took a slight knock on Thursday due to profit-taking setting in after the recent rally that lifted the index to a 14-month high. The Nikkei closed 0.29% lower.
The local currency rose for the third day in a row on Thursday due to Fitch not lowering SA’s credit rating on Wednesday and a high carry yield. At 17h55, the dollar was trading at R14.25, the pound at R18.54 and the euro at R15.84.
Gold prices inched up on Thursday as investors awaited more details regarding the US-China trade negotiations. Spot gold traded at $1 476.22 at 17h55.
Despite thin pre-Christmas trade overshadowing markets on Thursday, oil prices reached a three-month high, lifted by Wednesday’s reports of lower US inventories and a possible trade deal being reached between the US and China. At 17h55, a barrel of Brent crude traded at $66.72.
Source: Reuters, Business Day, Trading Economics
Chief Investment Officer