Global stocks rally on growth optimism, oil drops

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

Cape Town - Global stocks rallied after private American hiring data bolstered confidence in the global economy. Oil headed for a three-week low as US output expanded.

European shares advanced and the MSCI Asia Pacific Index traded at the highest in two years after US benchmarks closed at records. The dollar held on to gains triggered by a report showing companies added more workers to US payrolls in May than forecast.

China’s offshore yuan tumbled the most since February amid signs that a funding crunch is beginning to abate. Oil was poised for the biggest weekly drop since May 5 as industrial metals including copper declined.

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
USD/ZAR
14.05
-0.1%
GBP/ZAR
19.84
+0.8%
EUR/ZAR
17.05
-0.3%
AUD/ZAR
11.01
-0.4%
JPY/ZAR
0.13
-0.3%
Gold
1,836.17
+0.3%
Silver
27.31
-0.5%
Palladium
2,958.47
+1.0%
Platinum
1,250.27
-0.5%
Brent Crude
68.28
+0.3%
Top 40
62,389
-0.3%
All Share
68,377
-0.2%
Resource 10
72,112
+0.9%
Industrial 25
85,665
-1.4%
Financial 15
12,740
+0.2%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 1403 votes
No, I did not.
52% - 3511 votes
My landlord refused
27% - 1858 votes
Vote