Rand extends losses amid global risk-off sentiment

Tension in the Middle East has escalated with the US deploying more troops to the Gulf

10 hours ago
WATCH: Stock pick — Intu Properties

Robert Cameron from Thebe Stockbroking talks to Business Day TV about his stock pick of the day

11 hours ago
Geopolitical tension weighs on Asian shares

Civil unrest in Hong Kong, tensions in the Middle East and worries over whether the US and China will sign a trade deal soon make for fragile investor sentiment

Gold is hardly changed as traders eye Gulf tension

Safe haven status still supports bullion, but prices are stuck between $1,480 and $1,580, analyst says

Saudi supply disruption boosts oil

Buyers and traders remain sceptical despite reassurances by Saudi Arabia that it can resume full production by end-September after attack on processing facility

JSE could open lower as global risk appetite wanes

Tensions in the Middle East reached new heights with the US ordering more troops to be deployed in the Gulf area, weighing on oil prices

Market data — September 22 2019

Market data including bonds, unit trusts and fuel prices

Iran doubts it can avoid war in the Middle East

Statement comes as the US announces it will send a ‘moderate’ number of troops to the region and missile defence capabilities to the Saudis

MARKET WRAP: JSE snaps four-week winning streak

Global equities were buffeted during the week by escalating tension in the Middle East, while a hawkish US Fed policy statement added pressure

Gold edges higher, heading for first weekly rise in four

Palladium, which is in short supply, is up 1.2%, silver is on track for its first weekly rise in three, and platinum rose 0.3%

Stimulus measures by central banks push global markets up

Equity markets have welcomed the moves, but most of the cuts were already priced in and worries about a possible global slowdown still linger

WATCH: Stock picks — Microsoft and Distell

Nesan Nair from Sasfin Securities chose Microsoft Corp as his stock pick of the day and Sekgabo Molelekoa from Umthombo Wealth chose Distell Group Hldgs.

JSE led higher by precious-metal miners

The miners and Naspers are helping to support the local bourse on Friday, but it is still on track to snap a four-week winning streak

WATCH: Stock pick — Microsoft

Robert Towell from Sasfin Securities talks to Business Day TV about his stock pick of the day

Equities enjoy support from global economies

Share prices are near 2019 peak in many markets as China cuts one year lending benchmark rate

Rand set to break four-week winning streak

Emerging-market currencies have been buffeted this week by rising Middle East tension and a mildly hawkish Fed

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