Markets await direction from the US Federal Reserve, with local banks shrugging off the rand’s overnight fall to R15.49/$ on Tuesday morningPressure on miners kept the JSE flat on Tuesday morning, with banks and financial stocks eking out gains despite overnight weakness in the rand.
The dollar has been in favour so far this week, despite a lack of major economic releases, BK Asset Management MD for foreign exchange Kathy Lien said in a note. “ Global markets were mixed on Tuesday morning, with attention fixed on upcoming events that should provide further clues towards future US Federal Reserve policy. Fed minutes are due on Wednesday, although Fed chair Jerome Powell's speech at the Jackson Hole conference in Wyoming on Friday is the week's major event.
Gold was up 0.25% at $1,499.66/oz and platinum 0.3% to $853.79. Brent crude was 0.17% lower at $59.66 a barrel.
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 rebounds as global stocks recoverAsian stocks were lifted on Monday after China’s central bank announced a reform at the weekend to lower lending rates for companies
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE in broad-based recovery amid Chinese stimulusNews China had lowered credit-costs for local businesses helps cheer local markets, with local diversified miners faring best on the day
Source: BDliveSA - 🏆 12. / 63 Read more »
List of JSE stocks at fresh lows soarsAlthough the all share is followed positive global markets on Monday, the majority of stocks remain battered by a constrained domestic outlook
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: BDliveSA - 🏆 12. / 63 Read more »
JSE rebounds as global stocks recoverAsian stocks were lifted on Monday after China’s central bank announced a reform at the weekend to lower lending rates for companies
Source: BDliveSA - 🏆 12. / 63 Read more »