Occasionally, and for various reasons, the JSE experiences delays in opening the market for the day’s trading session, however that isn’t the only reason South African traders should consider an…
The dollar hit a nine-month high against the euro and held broad gains elsewhere on Wednesday as investors have cut exposure to riskier currencies, mostly on virus concerns, while the kiwi was sent on a loop when central bank held fire on rate hikes.
Gold steadied as the dollar held an advance, with investors on the sidelines before the release of minutes from the Federal Reserve’s latest policy meeting.
Oil was up Wednesday morning in Asia, even as it recorded a fifth day of declines. The fuel demand outlook remains clouded, as restrictive measures to curb the uptick in COVID-19 cases globally also keeps transport usage levels low.
The S&P 500 snapped a five-day winning streak on Tuesday, led by a drop in consumer discretionary stocks following weaker quarterly results from Home Depot and worries about the consumer amid data showing retail sales slipped to a two-month low.
Asian shares held near year-to-date lows on Wednesday as overnight declines on Wall Street reinforced worries about the economic impact of the Delta coronavirus variant sweeping through the region.