MARKET WRAP: Rand firms to best level in a month, JSE little changed
Strong corporate earnings lift global sentiment, but inflation and economic outlook remain a clear and present danger
19 October 2021 - 18:14
The rand firmed to its strongest level in a month against the dollar on Tuesday, gaining along with other emerging-markets currencies as strong corporate earnings lifted global sentiment.
The local currency all but recouped its losses after falling more than 1% on Monday — its biggest one-day fall in three weeks — but inflation and the outlook for the global economy remain a concern and this was reflected in local stocks, which pared earlier gains to end the day little changed. ..
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now