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.
Local markets fell for a second consecutive day on Thursday as investors kept a wary eye on the increasing number of global COVID-19 cases. The All Share closed down 0.98% and the Top 40 0.92%.
Wall Street opened weakly on Thursday due to investors being spooked by the increase in COVID-19 cases and elevated weekly jobless claims data. At 19h50, the S&P 500 had increased to 0.26%.
European markets closed in the green on Thursday on the back of improving economic data, more monetary support from the European Central Bank and a jump in Lufthansa shares, a German company of which a top shareholder backed a government bailout. At the close of business, the STOXX 600 Index reported a gain of 0.72%.
Hong Kong markets were closed for a public holiday.
Tracking leading US indices, Japanese shares reached the lowest point in over one week on Thursday. The Nikkei closed down 1.22%.
The local currency made up ground on Thursday after being knocked by Wednesday’s supplementary budget. At 19h50, the rand traded R17.22/$, R21.38/£ and R19.33/€.
Gold edged lower on Thursday as the resurgence of global COVID-19 infections and economic concerns drove investors to the dollar. An ounce of gold cost $1 762.44 at 19h50.
After facing a volatile session, oil rose about 2% on Thursday boosted by a moderate rise in fuel demand and signs of slight economic improvement in the US, but COVID-19 fears limited gains. At 19h50, a barrel of Brent crude traded at $41.10.
Source: Reuters, Business Day, Trading Economics
Chief Investment Officer