live

Markets WRAP: Rand closes at R14.8068/$

Financial data analysis graph showing global market trends. Selective focus. Horizontal composition with copy space.
Financial data analysis graph showing global market trends. Selective focus. Horizontal composition with copy space.
Last Updated
Live News Feed
Go to start

12 Jun 2019

Here's what the end of Wednesday brought: 

USDZAR 14.8068

EURUSD 1.1322

EURZAR 16.7559

GBPUSD 1.2726

GBPZAR 18.8352

AUDZAR 10.2856

CADZAR 11.1433

CNYZAR 2.1389

ZARJPY 7.3199

CHFZAR 14.8857

R186 8.37%

US 10 Year 2.12%

JSE -0.06%

FTSE -0.38%

S&P 500 -0.04%

Brought to you by TreasuryONE

12 Jun 2019

Global stocks slip as rally pauses

Adam Haigh and Todd White, Bloomberg

Stocks slipped globally on Wednesday alongside US index futures amid signs the June revival in risk appetite may have overshot with trade concerns still lingering. Treasuries gained along with gold and the yen.

The Stoxx Europe 600 index opened lower for the first time in four sessions, after shares slipped across Asian markets.

Hong Kong led losses as demonstrators forced road closures in the city, while stocks dipped less in Shanghai, Tokyo and Seoul.

US President Donald Trump said he’s personally holding up a trade deal with China and won’t complete the agreement unless Beijing returns to terms negotiated earlier in the year. The dollar drifted and oil declined.

Just as investor concern over protectionism and global growth seemed to ease, Trump’s latest salvos at China and the Federal Reserve introduced fresh uncertainty.

With the president scowling at the central bank’s “way too high” interest rates in a tweet on Tuesday, traders will next focus on European Central Bank President Mario Draghi’s comments in Frankfurt and later on US consumer-price data for clues on the institutions’ policy paths.

“With no assurance that China will meet with the US on the sidelines of the G-20 later this month, trade tensions continue to fuel market uncertainty,” said Nema Ramkhelawan-Bhana, an economist at FirstRand Bank in Johannesburg. “Yet, the growing probability of Fed cuts is counterbalancing trade concerns.”

ZAR/USD
17.05
(-0.01)
ZAR/GBP
21.72
(+0.19)
ZAR/EUR
19.89
(+0.35)
ZAR/AUD
12.02
(+0.69)
ZAR/JPY
0.16
(+0.33)
Gold
1852.93
(-0.10)
Silver
22.02
(+0.47)
Platinum
838.51
(+0.72)
Brent Crude
41.98
(+0.17)
Palladium
2223.00
(+0.45)
All Share
54247.81
(+1.84)
Top 40
50127.05
(+2.04)
Financial 15
9588.13
(+0.19)
Industrial 25
74229.70
(+3.26)
Resource 10
53508.98
(+1.08)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 1357 votes
It depends on how the funds are used.
73% - 8809 votes
No. We should have gotten the loan elsewhere.
16% - 1941 votes
Vote