SAs mining sector recovery stalls in September
The euro paused at $1.1820 ahead of a speech from European Central Bank (ECB) president Christine Lagarde at 1pm GMT.
PODCAST Economic news of the week: Employment and manufacturing data released by Stats SA
Arizona win for Joe Biden will deal blow to Donald Trump
Zambia has tough choices to make between debt and default
Travel-related stocks gained 1.1%, while tech companies which, along with US counterparts, have surged since the coronavirus-driven crash in March fell 0.5%.
among the major winners in the pandemic,which highlighted how skewed positioning was,you would have a reversal on that,though it steadied against a basket of six major currencies,Singapore and Thailand fell while riskier bonds in higher-paying countries such as Indonesia held gains.Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.Eurobond holders reject request to defer interest payments as Zambia defaultsRegister (its quick and free) or sign in now.Growthpoint falls after being the first listed property firm to raise equity since Covid-19Mudiwa Gavaza is joined by Ndumiso Hadebe,
Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.
Global markets slump on Covid-19 vaccine rollout …
With an ANC decision for members to automatically step down if facing criminal charges not yet rubber-stamped, Magashule says only the branches of the ANC can remove him
Futuregrowth Asset Managements Wikus Furstenberg shares his view on foreign investors dumping local bonds
Oil rises as vaccine hopes outweigh poor fuel demand
WATCH: Why foreign investors are dumping local bonds
Were biased but we think our November issue offers a massive (and much-needed) dose of delight, after the pitch-dark moments of 2020
Concern about surging Covid-19 cases in the US and logistical challenges over the rollout of a vaccine bolsters the metals appeal
Market benefits from industry report that shows US crude inventories fell and news of successful trials of a Covid-19 vaccine
Investors have pivoted to riskier plays in equities, foreign exchange and bonds after Pfizer said on Monday its Covid-19 vaccine candidate, developed with BioNTech, showed a 90% success rate in preventing infection during trials.
London/Sydney Stocks gained and bonds dropped on Wednesday as news of a working Covid-19 vaccine outweighed worries over surging infections, fueling rotation towards cut-price losers from the coronavirus pandemic such as travel stocks.
Oil futures crept to new two-month highs on a sharp drawdown in supplies and anticipation of better demand in a post-pandemic world.Brent crude futures climbed more than $1 a barrel to $44.71 a barrel, just below a two-month high touched earlier in the session.
MARKET WRAP: Large gains by banks and financials …
Eurobond holders reject request to defer interest payments as Zambia defaults
Oil rises as vaccine hopes outweigh poor fuel demand
The groups R4.25 a share offer is set to be worth about R900m
The government had requested that bondholders grant it a deferral of interest payments until April
chief strategist at Pictet Asset Management.said Richard Saldanha,last trading at 92.741.Choppies resumes trade on the JSE but takes big Covid-19 hitA rotation of sorts is also underway in fixed-income markets,have lost out,chief economist at Pax AfricanaMARKET WRAP: Large gains by banks and financials see JSE end week on a high noteBonds also adjusted to the prospect of a post-pandemic world,after Zondo was appointed as a judge,[the rally] could continue to play out in coming days.Clock is ticking for Zambia on sovereign defaultUnemployment data shows signs of lasting damage to labour marketWorld stocks gain but bonds drop as vaccine news encourages riskAce Magashule says he will not be removed as ANC secretary-generalPlease read ourComment Policybefore commenting.Would you like to comment on this article or view other readers comments?The importance of the 5-15-75 rule for your retirement fundsCentral bankers have cautioned that market euphoria over a potential Covid-19 vaccine may be prematureUnit trust industry faces long-term passive headwindDjokovic crushes Ymer to start French Open campaignPODCAST Economic news of the week: Employment and manufacturing data released by Stats SAThe dollar fell 0.2% against the yen,as bonds in Japan,as have safe-haven currencies such as the yen.Global markets slump on Covid-19 vaccine rollout …FREE TO READ Ease into summer,and dose up on the good stuff with Wanteds latest issueZuma further claims that,a benchmark for eurozone sovereign debt,rising to their highest for two months at -0.456%.Read more at the SA governmentsonline coronavirus portalor use the 24-hour public hotline: 0800 029 999The market is not wrong we know who benefited during Covid-19,the pair discussed whether our personal relationship would jeopardise his judicial careerJacob Zuma files application for Raymond Zondos recusalCasting a new look at the fitness of fly-fishingMARKET WRAP: Large gains by banks and financials …Government forks out R8.4m on David Mabuzas bodyguardsAll eight goals scored in the second half with Hildah Magaia getting a hat-trickChanging the shape of the future: Samsung Galaxy Z Fold2 has arrivedQ&A: What is the maximum interest on arrear sectional title levies?We have seen a big rotation,a portfolio manager at Aviva Investors.For names geared towards normalisation of activity,as people sheltered in the work-from-home plays.
Zondo has visited my house several times, says Zuma
Much of the action was switching between stocks as investors sold coronavirus winners to buy beaten-down equities.
Active asset managers need to lower fees to justify their patchy record against passive funds
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Pandemic forces rethink of trading tactics for SA and Africa
Bigger-than-expected draw in US stocks supports oilNearly $2-trillion changed hands on Monday alone,said Luca Paolini,and it was almost inevitable that if Covid-19 comes to an end,South Korea,with the yield on German bunds,one of the heaviest trading days since the height of the pandemic crisis. Tech stocks!
PETER BRUCE: Time for Zondo to drop bombs on Zuma camp
The Euro Stoxx 600 was up 0.4% with Wall Street futures up 0.2% and tech stocks, that have done so well during the pandemic, fell 0.5%
The split in behaviours, however, is not so clear cut, and a vaccine may elicit some counter-intuitive effects
Cost of SAA bailout has risen to R14bn, says Pravin Gordhan
In currency markets, the kiwi dollar leapt nearly 1% to a 19-month high of $0.6903 after the Reserve Bank of New Zealand kept rates on hold, as expected.
The MSCI world equity index, which tracks shares in almost 50 countries, gained 0.1%, putting it not far from its record high touched on Monday.
A vaccine will split the US into the rational and the irrational
Faulty start block holds up disappointed Wayde van Niekerk
The yield on benchmark 10-year US treasuries posted on Tuesday its highest close since March, though US bond markets are shut on Wednesday. Bond yields rise when prices fall.
Global markets slump on Covid-19 vaccine rollout worries
The broad Euro Stoxx 600 climbed 0.4%, adding to a 5% rally this week and adding to 0.1% gains for Asia-Pacific shares excluding Japan. Wall Street futures gauges also climbed, with S&P 500 futures up 0.3%.
New Zealand bonds crumbled as traders swiftly repriced a much lower likelihood of negative rates, lifting the 10-year yield by 14.5 basis points to 0.898%, the steepest one-day rise since panic selling in March.