The local bourse tracked global markets ahead of the debate, the outcome of which is expected to affect market sentiment
Brent crude for December fell 0.7% and US WTI crude dropped 0.8%, Japan’s August crude imports slumping nearly 26%
Locally, investors are digesting unemployment data, which showed a notable decline in the rate from the first to second quarter
The US presidential debate is also keeping investors from making any sudden moves, as the dollar holds steady
Earlier, the rand worsened to a low of R17.2069/$, according to Infront data
Independent analyst Chris Gilmour chose Afrimat as his stock pick of the day and Alex Duys from Umthombo Wealth chose Growthpoint
Viv Govender from Rand Swiss Offshore talks to Business Day TV about as his stock pick of the day
RMB’s John Cairns talks to Business Day TV about the local currency’s performance
StatsSA expected to release unemployment figures for the second quarter
Bourses push higher after US bounce and positive signs around China’s economic recovery
Trump-Biden debate seen as key to metal’s direction in the short term
Surging Covid-19 deaths outweigh hopes for a new US stimulus package
Bargain-hunters send Wall Street higher
The banks index made the biggest gains on the day, rising the most in three weeks
According to the JSE, foreigners have sold R69bn worth of local bonds so far this year, as investors worry about SA government borrowing
The main crude benchmarks are on track for their first monthly fall since April
The MSCI world and European indices were up while currency markets indicated increased risk appetite
Locally, investors await the latest producer inflation data due later in the day
China’s industrial profits grew for a fourth consecutive month in August
