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 dropped by 1.52% yesterday following global equities as investors worried about the global economic recovery as the US posted its steepest contraction in 73 years.
US stocks fell sharply on Thursday after a second straight rise in weekly jobless claims fuelled worries about a post-pandemic economic recovery, while President Donald Trump floated the possibility of delaying the November presidential elections. Shortly after the JSE closed, the Dow was down 1.27%.
European shares sank on Thursday, hit by underwhelming earnings reports, a dire reading of the German economy’s health and Trump raising the possibility of delaying the presidential election. Shortly after the JSE closed, the FTSE 100 dropped 2.31%.
The Hang Seng Index fell 0.69% on Thursday, as losses in financial and resource stocks outweighed gains in healthcare.
The Nikkei ended down
0.26% on Thursday, as renewed concerns about the rising number of new COVID-19
infections in Japan outweighed optimism around the US Federal Reserve’s (Fed)
decision and upbeat earnings reports.
The rand fell to R16.88/$ at 17h00 on Thursday, after the US GDP shrunk by an annualised 32.90% in the second quarter of 2020.
Gold dropped on Thursday after a pledge by the Fed to support its virus-ravaged economy buoyed risk sentiment, with analysts saying the metal is facing resistance in the short term to breach the $2 000 psychological level.
Oil prices fell by around 4% on Thursday, as surging COVID-19 infections around the world threatened to jeopardise a recovery in fuel demand just as major oil producers are set to raise output.
Source: Reuters, Business Day, Trading Economics
Chief Investment Officer