Oil slumps to two-week low as US crude stocks pile up

Rising Covid-19 cases in parts of the world have dented hopes for an economic recovery

Gold gets a bump from softer dollar and bond yields

Investors are now awaiting the European Central Bank’s policy meeting later in the day

JSE to contend with weaker Asian markets on Thursday amid inflation jitters

Surprise moves by global central banks are shining a spotlight on inflation fears, while SA is grappling with stage 4 load-shedding

Market data — October 27 2021

Market data including bonds and forward rates

MARKET WRAP: JSE weakens as US-China tensions flare

Global stocks under pressure as US regulator revokes China Telecom’s authority, stoking fears of an escalating trade row

Global stocks run out of steam on China worries

Flare up in US-China tensions and Beijing’s plans tighten internet registration rules for younger users douse rally

Higher than expected oil stocks push prices down

With Brent rising the past eight weeks and WTI climbing for the past 10 weeks, prices are starting to look overbought, analysts say

JSE slips as concern about China’s property sector hits sentiment

Modern Land has become the fourth developer there to default on an overseas debt obligation

Asian shares lose ground amid regulatory concerns

New regulatory worries spark the steepest sell-off in seven weeks for Chinese tech shares, while short-term treasury yields spike

Strong dollar takes shine off gold

Metal slips further away from $1,800 as robust dollar and higher US bond yields dented its appeal

Oil falls after stocks rise more than expected

Industry data shows crude stockpiles increased and fuel inventories in the US rose last week

JSE faces Asian market pressure amid Chinese property jitters

US markets were buoyant overnight, but concern about the indebtedness of Chinese property developers is weighing on sentiment

Market data — October 26 2021

Market data including bonds and fuel prices

MARKET WRAP: Rand falls as China property situation worsens

JSE basks in glow of Sibanye-Stillwater’s $1bn Brazilian deal and strong corporate earnings in the US

European stocks get a boost from buoyant earnings

But Chinese property sector tumbles on fears of widening crisis as Modern Land defaults on payment

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