Riding the bucking horse of volatility
Markets steady as traders grow thicker skins
On Friday the world woke to even more uncertainty as the British public failed to give Theresa May the mandate she was looking for to go into Brexit negotiations. This is yet another black swan event in a world that is fast getting accustomed to shocks, such as the rise of Donald Trump. On the domestic front, political uncertainty has been a feature as the ruling ANC heads to its December elective conference. The height of this uncertainty was reached with the dismissal of Pravin Gordhan as finance minister earlier this year. It was a move that ushered in a credit downgrade, and falling confidence levels that have left the economy in its first recession in eight years. Despite all this, volatility or fear indices, as they are known, don't seem to have received the message, as they have been heading on a downward trajectory globally. An analyst who could not be named due to his company's policy said that traders were developing a tougher skin and not having the same knee-jerk reactio...
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.