Rand gains but consumer confidence slips to lowest in about two years
Meanwhile, reports suggesting the US may withdraw some of the tariffs imposed on Chinese imports lifted global market sentiment
05 November 2019 - 10:47
The rand was firmer on Tuesday morning, in its third consecutive session of gains amid global risk-on, while local consumer confidence dropped to its lowest in almost two years.
The consumer confidence index, compiled by FNB and the Bureau for Economic Research at Stellenbosch University dropped to -7 points in the third quarter from five points in the second quarter of 2019, data from FNB showed on Tuesday. ..
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