The Nasdaq’s 1.44% slump on Thursday set the tone for Asian markets trading ahead of the JSE’s opening on Friday morning.Tokyo’s Nikkei 225 index was down 1.16%, the Singapore Straits Times index was down 0.85% and Hong Kong’s Hang Seng index was down 0.81%.European stock markets also had a bad Thursday, with Paris’s CAC 40 index falling 1.88%, Frankfurt’s DAX 30 index falling 1.83%, and London’s FTSE 100 index falling 0.51%.Thursday’s bearish mood in global stock markets was blamed on various central bankers indicating they intended raising interest rates in 2017.SA’s Reserve Bank is scheduled to release May’s private sector credit extension and M3 money supply figures on Friday morning.Private sector credit extension growth is expected to remain at about April’s 5.9%.Growth in corporate credit extension has been underpinned by general loans linked to renewable energy projects and mortgage advances on commercial property, Investec Bank economist Kamilla Kaplan said in her weekly no...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.