WATCH: Stock picks — Sibanye-Stillwater and AB InBev
Nesan Nair from Sasfin Securities chose Sibanye-Stillwater as his stock pick of the day and Gerbrand Smit from N-e-F-G Fund Management
Markets
Rand weakens as US-China relations deteriorate
The rand has lost 4% for the week so far BL PREMIUM 07 August 2020 – 12:14 Lindiwe Tsobo The
Global equities under pressure amid rising US-China tension
London — World stocks ended four days of gains on Friday after US President Donald Trump cranked up simmering tension
JSE may snap four-day winning run amid US-China tech battle
The all share and top 40 were down 0.94% and 1.15%, respectively BL PREMIUM 07 August 2020 – 11:55 Odwa
Oil dips as Covid-19 numbers likely to slow demand recovery
London — Oil dipped to about $45 a barrel on Friday on worries that a demand recovery would slow due
South African stocks plunge as Tencent fall hits Naspers and Prosus
South Africa’s main stock index halts a four-day rally, falls 1.3% by 9:15am in Johannesburg, as index heavyweight Naspers drops
Rand on the ropes as emerging market risks increase
The rand traded nearly 1% weaker early on Friday, near its lowest in 10 weeks, amid souring emerging market sentiment
Traders gird for more market swings after Trump’s WeChat ban
US President Donald Trump’s move to ban WeChat and TikTok roiled Asian markets and hit some of the highest profile
Silver loses shine in top buyer as prices rocket to record high
Silver consumption in India is set to halve in 2020 as buyers, mainly from rural areas, skip purchases amid surging
Gold hits new high on soaring Covid-19 cases
Bengaluru — Gold smashed a record high on Friday as a safety rush fuelled by the worsening coronavirus pandemic and