Concerns that the Fed will have to wrestle with elevated inflation for a long time slowed this week’s rally
Given the prospect of a new governing coalition taking the reins in 2024, they should get to work on formulating a stance
The state-owned ports operator is seeks private investment to expand Durban and Ngqura port facilities
The ruling party gathering hit by litigation and a breach of security allegedly leading to the cloning of delegates’ tags
The firm is looking to reduce volatility for investors, but adds that being listed on the JSE no longer enhances access to capital
Consumer finances crumble under the pressure of rising prices and interest rates, Unisa vulnerability report shows
Group homes in on home deliveries trend and hopes to supply electricity to Eskom
GOP questions FBI’s actions after search warrant shows motive was possible Espionage Act violations
Reece James seemed to have sealed the points for the hosts with a 77th-minute goal, but the striker scored in stoppage time
Rushdie’s condition is not immediately known
The JSE looks set to open amid a positive session for Asian markets on Monday morning, with markets recovering from a tough last week, when the JSE had its worst day in ten months on Thursday.
Global markets came under pressure amid further signs the US Federal Reserve will move soon to pare back monetary support, with concerns about the Delta variant and Chinese regulatory intervention also weighing on sentiment.
These remain key drivers of the market, and investors will be watching the Jackson Hole symposium starting on Thursday in the US this week, as it is often used as a forum for big announcements.
In morning trade on Monday the Hang Seng was up 1.81%, Japan’s Nikkei 1.71% and the Shanghai Composite 1%.
Tencent, which gives direction to the JSE via the Naspers stable, gained 2.91%.
Gold was up 0.33% to $1,787.30/oz while platinum gained 1.68% to $1,014.77. Brent crude was 0.27% weaker at $66.33 a barrel.
The rand was 0.45% firmer at R15.22/$, on track to break a five-session losing streak.
Employment services group Workforce Holdings is due to release its results for the six months to end-June later, saying in a recent trading update it had returned to headline profit, though it did not go into details.
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Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.