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 down 0.24% as markets lacked guidance with investors torn between possible COVID-19 vaccine optimism and the alarming increase of the global infection rate.
Wall Street opened lower on Friday due to fading stimulus hopes and the economic fallout from the increasing number of COVID-19 infections. At 17h30, the Dow Jones was 0.56% in the red.
On Friday, European shares traded up thanks to a boost from commodity-linked shares. The STOXX 600 ended the day 0.52% higher – reporting gains for the third week in a row.
The Hang Seng closed the week 0.20% higher at 26 410 points lifted by material and consumer companies on upbeat data from mainland China.
The Nikkei ended trade on Friday 0.42% in the
red as the third COVID-19 wave raised concerns that Japan might introduce new
restrictions to curb the spread.
The local currency lost ground late on Friday after both Moody’s and Fitch announced that they would be downgrading South Africa’s sovereign credit rating further; however, S&P Global kept its outlook and rating unchanged.
After US Treasury Secretary Steven Mnuchin indicated on Friday that US stimulus negotiations would continue, gold prices climbed slightly. Gold traded at $1 878.95/oz at 17h30.
Oil rose around 1% on Friday, trading at $44.31 a barrel at 17h30, as positive COVID-19 vaccine results boosted sentiment.
Source: Reuters, Business Day, Trading Economics
Chief Investment Officer