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LATEST Markets  

Rand strengthens, touching R16.99 to US dollar

3 Jun 2020 /  Suren Naidoo   8
Following a weakening of the greenback

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.

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%.

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.'

SA regulator revives 5-year-old rand-rigging case

UPDATE
2 Jun 2020 /  Jacqueline Mackenzie and Roxanne Henderson, Bloomberg   6
This follows the Competition Appeal Court ruling which ordered that a new charge sheet be filed.

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.

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 Africa loosens lockdown to revive battered economy

1 Jun 2020 /  Nqobile Dludla, Reuters   1
The rand rose against the dollar but after midday it had fallen back slightly and was trading just 0.14% up.

Rand firms as coronavirus lockdown eases

1 Jun 2020 /  Olivia Kumwenda-Mtambo, Reuters   1
Local currency at R17.36 to the dollar in early trade.

Rand’s speedy recovery rally caught some traders by surprise

1 Jun 2020 /  Colleen Goko, Reuters   5
The rand has strengthened, while analysts keep forecasting a decline.
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