MARKET WRAP: JSE snaps three-week losing streak following interest-rate cut
The prospect of looser global monetary policy helped buoy both the JSE and global markets on Friday, with local banks
Markets
Rand weakens in response to Busisiwe Mkhwebane’s findings
The rand was weaker against major global currencies on Friday afternoon after public protector Busisiwe Mkhwebane found that President Cyril
Oil rises as the US destroys Iranian drone in Strait of Hormuz
London — Oil prices rose on Friday as tensions spiked again in the Middle East after the US said it
Gold is down on the day but on track for a second week of gains
Bengaluru — Gold eased on Friday as investors booked profits after prices raced past $1,450 an ounce to hit a
Expectations of a US rate cut drive global markets higher
E-mini futures for the S&P 500 index were 0.3% higher, indicating a higher opening on Wall Street later in the
EM assets up on Fed boost; PepsiCo-Pioneer deal lifts SA shares
Emerging market shares rose on Friday and currencies touched a four-month high after comments from a top Federal Reserve official
South Korea, Indonesia central banks cut rut rates, follow peers
Central banks across key emerging markets finally joined the the tide of monetary policy easing Thursday as the world economy
Rand, JSE cheer rate cut
Supplied The rand rallied against the dollar yesterday and bond yields fell after the central bank cut its main lending
JSE opens higher as Fed comments boost global stocks
The JSE opened higher, in line with most global markets after a US Federal Reserve official hinted at the possibility
WATCH: Stock picks — Microsoft and Sasol
Nesan Nair from Sasfin Securities chose Microsoft as his stock pick of the day and Nick Crail from Ashburton Investments