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 lost momentum and ended lower on Thursday after the release of data which pointed to a decline in local business confidence and manufacturing production. At the closing bell, the JSE All Share lost 0.29%.
Wall Street indices hit record highs on Thursday after the US agreed to gradually reverse some of its trade tariffs on Chinese imports. Shortly after the JSE closed, the Nasdaq went up by 0.69%.
European markets logged gains on Thursday on the back of positive earnings reports from market heavyweights while investors cheered trade talk progress. Shortly after the JSE closed, the FTSE 100 gained 0.24%.
Hong Kong stocks traded higher on Thursday after news broke that Washington had reached a deal with Beijing to cancel trade tariffs that were imposed at the peak of their trade war. The Hang Seng closed 0.57% in the green.
Although concerns over the vague details of a tariff-reversal deal between the US and China trimmed gains, Japanese stocks hit one-year highs on Thursday. At 18h15, the Nikkei recorded a 0.11% gain.
Notwithstanding a decline in local business confidence and manufacturing production, the rand strengthened against the dollar on Thursday on the back of trade deal optimism. At 18h30, a dollar traded at R14.77.
Gold prices slipped on Thursday as signs of progress in the US-Sino trade talks lifted risk appetite among investors after Washington agreed to lift trade tariffs on Chinese imports. An ounce of spot gold traded at $1 472.32 at 18h30.
Oil prices fell on Thursday after hope of a trade deal was revived by reports that Washington had conceded to lift trade tariffs on Chinese goods. At 18h45 a barrel of Brent crude was down 1.08% and traded at $62.76.
Source: Reuters, Business Day, Trading Economics
Chief Investment Officer