MARKET WRAP: JSE suffers fourth week of losses in risk-off trade
The JSE closed in negative territory for a fourth consecutive week on Friday as global-growth concerns push investors to perceived
Markets
Gold on track for third weekly gain on global recession fears
Bengaluru — Gold fell 1% on Friday, weighed down by gains in the equity markets and the dollar, but fears
City Lodge earnings down 19.4%, average occupancies decline
Hotel group City Lodge reported a 19.4 percent drop to 613.4 cents in diluted normalised headline earnings per share for
Global stocks buoyed by stimulus hopes but still head for third losing week
World stocks rose on Friday as expectations grew of further stimulus by central banks, offsetting worries about slowing economic growth,
Oil price up 2% after data shows rise in US retail sales
Moscow — Crude oil prices rose more than 2% on Friday, recovering from two days of declines after data showing
Rand firms as investors await next bout of weakness
South Africa’s rand was firmer early on Friday, adding to the previous session’s gains in a recovery driven mainly by
World stocks rise on hopes of central bank stimulus
London — World stocks rose on Friday as expectations grew of further stimulus by central banks, offsetting worries about slowing
RCL Foods hit hard as cheap imports flow in
RCL Foods said the sugar business division would record significant operating losses, driven by lower local market demand, primarily due
JSE slips as global risk factors linger
The JSE was lower on Friday morning led by banks and resources, while most global markets were calmer as investors
Rand slightly rebounds as global sentiment picks up
The rand was firmer on Friday rebounding after a heavy global sell-off week prompted by fears of a global recession