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LATEST Fast News  

Australia’s economy contracts, ending three-decade expansion

3 Jun 2020 /  Michael Heath, Bloomberg    1
Initial coronavirus shock sees economy contract in Q1.

World stocks jump to 3-month high as recovery hopes outweigh looming risks

UPDATE
3 Jun 2020 /  Hideyuki Sano and David Henry, Reuters  
Hopes of recovery from epidemic leads short-covering in stocks.

Gold is on the rise along with unemployment

3 Jun 2020 /  Barry Ritholtz, Bloomberg    1
The precious metal tends to do well during times of crisis. This is a crisis.

Zoom nearly doubles revenue forecast on remote-work boost

3 Jun 2020 /  Ayanti Bera and Stephen Nellis, Reuters  
But costs rising.

Rand, stocks jump as lockdowns eased

2 Jun 2020 /  Mfuneko Toyana and Tumelo Modiba, Reuters  
The biggest gainer on the blue-chip list was fuel firm Sasol , up over 16%.

Sarb rules out financing government

2 Jun 2020 /  Prinesha Naidoo and Roxanne Henderson, Bloomberg  
'There is a limit to central bank purchases, especially if you are an emerging market.'

Banks told to cut lending rates in SA

2 Jun 2020 /  Vernon Wessels, Bloomberg   9
'We want banks to lend more than they would otherwise lend, but we don’t want them to be reckless and take excessive credit risk.'

Business leaders at odds with ANC on virus revival

2 Jun 2020 /  Mike Cohen, Bloomberg   5
“We need to agree on the structural reforms critical to enable investment, growth and inclusion,” Busa Chief Executive Officer Cas Coovadia said

Dollar on back foot as recovery optimism persists

2 Jun 2020 /     1
The US dollar index against a basket of six major currencies fell to its weakest level since mid-March.

Mediclinic sees full-year loss widen

2 Jun 2020 /  Promit Mukherjee, Reuters   1
'A high degree of uncertainty remains regarding the progression of the pandemic and its full impact.'

Crypto markets facing make-or-break moment after recent surge

2 Jun 2020 /  Vildana Hajric, Bloomberg   
Rally takes crypto index near key inflection point.

London traders vote to reduce world’s longest trading hours

2 Jun 2020 /  Ksenia Galouchko, Bloomberg   
European stock market lags the US turnover despite longer market hours.

Asia stocks make cautious gains as China worries slow recovery rally

2 Jun 2020 /  Tom Westbrook, Reuters  
Dollar nurses losses after Monday tumble

South African vehicle sales fall 68% as lockdown bites

1 Jun 2020 /  Prinesha Naidoo, Bloomberg  
With exports down 64.1% year-on-year.

Rand advances on easing coronavirus fears

1 Jun 2020 /  Olivia Kumwenda-Mtambo, Reuters  
Stocks rose as factories, restaurants, mines and shopping malls reopened and millions returned to work.
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