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 second wave of COVID-19 infections around the world and uncertainties about when the first COVID-19 vaccine would be available dampened risk sentiment on Thursday, which also caused the JSE to close 1% in the red.
Wall Street opened lower on Thursday as COVID-19 infections in the US continued to rise and investors started to wonder about the roll-out of a possible vaccine.
Several better-than-expected earnings reports did not do much to persuade European investors that the global economy would turnaround quickly, forcing markets on the continent to close in the red.
The Hang Seng dropped by 0.22% on Thursday, after data showed new bank loans in China fell to their lowest level in a year on tightened loan quotas.
The Nikkei closed up by 0.68% on Thursday boosted by a rally in tech shares in the US overnight.
As appetite for riskier assets dampened on Thursday, the local currency weakened slightly to R15.58/$ at 19h30.
Concerns over the logistics of a possible COVID-19 vaccine boosted the gold price on Thursday, which rose to $1 882.35 an ounce at 19h30.
The International Energy Agency (IEA) warned on Thursday that oil demand will likely not benefit from a COVID-19 vaccine until “well into 2021”, yet Brent crude remained strong at $44.06 a barrel at 19h30.
Source: Reuters, Business Day, Trading Economics
Chief Investment Officer