Financial Digest

JSE faces pressure on Wednesday as oil rout continues

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Finance Finance Headlines News

Asian markets are lower as the oil price keeps falling, while in SA a R500bn stimulus package has been announced

The JSE will open to weaker Asian markets on Wednesday morning, with the oil price continuing its fall overnight.

The US Senate on Tuesday approved a new stimulus package worth almost $500bn, while the bourse in Johannesburg will also react to news of a local stimulus package worth R500bn. The social and economic support package announced by President Cyril Ramaphosa includes a R200bn guaranteed loan support programme for local businesses.

Asian markets were weaker, with Japan’s Nikkei down 1.32% and Hong Kong’s Hang Sen 0.53%. Tencent, which influences the JSE via Naspers, which is its largest shareholder, was up 0.95%, and could help lift the local bourse.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JSE fares badly along with world marketsUS oil prices turned negative for the first time in history as the world is slowly running out of place to store crude oil.
Source: BDliveSA - 🏆 12. / 63 Read more »

JSE fares badly along with world marketsUS oil prices turned negative for the first time in history as the world is slowly running out of place to store crude oil.
Source: BDliveSA - 🏆 12. / 63 Read more »