MARKET WRAP: JSE firmer as investors consider Fed comments

Chair Jerome Powell is expected to offer clues on plans for 2025

Oil inches higher on geopolitical tension

Investors weigh prospect of Opec+ extending supply cuts against weaker demand

Gold holds steady as traders await comments from Fed

Investors will listen to Federal Reserve chair Jerome Powell’s speech for further insights into the trajectory of US rate cuts

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Business Day TV speaks to Odwa Magwentshu of Momentum Securities

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Business Day TV speaks to David Shapiro of Sasfin Securities and The Robert Group’s Devin Shutte

JSE firms as investors consider US Fed comments

The rand started the day weaker, reaching an intraday weakest level of R18.1719/$

ECON BRO: SA has dodged the money-printing bullet but must remain on guard

Modern monetary theory proposes that the state funds its deficits by issuing (printing) currency

Load-shedding accounted 75% of rand’s weakness, says Ninety One

Asset manager highlights optimism generated by suspension of power cuts, formation of GNU

MARKET WRAP: Rand steady as JSE pares gains after GDP letdown

Stats SA data shows the economy contracted 0.3% in the third quarter while the market had expected 0.5% growth

Oil rangebound ahead of Opec+ meeting

Producer group is expected to extend its latest round of output cuts until the end of the first quarter

Gold steady as traders await US jobs data

Investors are wary ahead of job openings, ADP employment report and US nonfarm payrolls

Asian shares follow Wall Street’s lead

Traders watch political turmoil in France, where the government is teetering on the brink of collapse

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Business Day TV speaks to Shaun Dendere from Trive Investments

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Business Day TV speaks to Jean Pierre Verster, CEO of Protea Capital Management and All Weather Capital director Shane Watkins

JSE and rand firm with markets awaiting new movers

Donald Trump’s rhetoric on imposing 100% tariffs on Brics+ countries created initial uncertainty

MARKET WRAP: Rand weaker and JSE firms as last trading month of 2024 starts

The local currency was trading in a tight range as many market participants sat on the sidelines after Thursday’s US holiday

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