for subscribers

Asian markets take breather after oil-fuelled rally

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Hong Kong - Asian traders trod carefully on Tuesday as profit-taking from the previous day's rally offset a healthy lead from Wall Street, while the pound briefly fell after authorities said a blast in Manchester could be terror-related.

Global markets pushed higher on Monday as energy firms benefited from a surge in oil prices as Opec and Russia look set to extend an output cut, while US dealers welcomed an optimistic survey on US manufacturing.

But crude was unable to press on with gains on Tuesday, weighing on petroleum-linked firms ahead of a meeting between Opec and Russia later in the week.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
15.31
(+0.32)
ZAR/GBP
20.44
(+0.27)
ZAR/EUR
18.18
(+0.19)
ZAR/AUD
11.23
(-0.12)
ZAR/JPY
0.15
(+0.58)
Gold
1803.69
(-1.76)
Silver
23.10
(-1.71)
Platinum
957.74
(+3.23)
Brent Crude
45.51
(+2.15)
Palladium
2338.79
(+0.53)
All Share
57761.92
(+1.08)
Top 40
53049.43
(+1.09)
Financial 15
11674.99
(+2.97)
Industrial 25
80126.12
(+0.26)
Resource 10
52568.48
(+1.54)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
22% - 318 votes
No, I did not.
51% - 752 votes
My landlord refused
27% - 405 votes
Vote