Expectations of a US rate cut drive global markets higher

In oil markets, crude surged after the US said its navy had destroyed an Iranian drone in the Strait of Hormuz, a major chokepoint for global flows

JSE opens higher as Fed comments boost global stocks

New York Federal Reserve Bank CEO John Williams says it would be better to take ‘preventative measures’ as expectations rise for a rate cut

WATCH: Stock picks — Microsoft and Sasol

Nesan Nair from Sasfin Securities and Nick Crail from Ashburton Investments talk to Business Day TV

Rand at five-month high after mildly hawkish rate cut

The Reserve Bank cut interest rates by 25 basis points on Thursday, with market expectations of a 50 basis point cut continuing to unwind a little

WATCH: Stock Pick — Mr Price Group

Steven Schultz from Momentum talks to Business Day TV about his stock pick of the day

Oil rises after US Navy destroys Iranian drone

Prices climb after renewal of Mideast tensions but are set for a weekly drop of more than 5%

Asian stocks firmer after US Fed comments fuel appetite for risk

MSCI Asia-Pacific index and Nikkei rise on expectations of a US interest rate cut

Gold climbs to above $1,450 for the first time since May 2013

Metal is up nearly 2% so far this week on tensions in Middle East and Federal Reserve official’s  comments on interest rate cut

JSE could open higher on Friday on optimism about US rate cuts

Local bourse could follow global stocks higher after dovish rates comments by New York Fed CEO

Market data - July 18 2019

Market data including bonds, unit trusts and fuel prices

MARKET WRAP: JSE closes higher and rand firms on repo rate cut

The Reserve Bank monetary policy committee voted unanimously to cut interest rates by 0.25 percentage points to 6.5%

Rand gains almost 10c to the dollar after rate cut

The rand reacted positively to SA’s first cut in 16 months, but analysts warn the global backdrop may make further cuts a risky prospect

Oil edges down on gloomy outlook and rise in US stockpiles

Brent is down 0.2% and WTI down 0.3%, with oil prices down sharply for the week

Global shares slip on relentless US-China trade war

The ongoing trade dispute is now affecting corporate earnings, unnerving Wall street, and being felt in Asian and European markets

WATCH: Stock picks — Naspers and Ferrari

Wayne McCurrie from FNB Wealth & Investments and David Shapiro from Sasfin Securities talk to Business Day TV

JSE flat ahead of interest rate announcement

Global trade is risk-off, while local markets await expected 25-basis-point cut

Published by Tiso Blackstar and distributed with the Financial Mail on the last Thursday of every month except December and January.