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Rand drops to month low against dollar
September 12, 2011--The rand slid against the dollar to just over a month low on Monday and in noon trade continued to track an unsteady euro.
"It's not a pretty picture at the moment," a local rand trader said.
"There has been an enormous loss of confidence in the Eurozone and a terrific sell-off in euros."
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Source: FIN24
Bonds weaker amid risk aversion
September 12, 2011- South African bonds were weaker in late trade on Monday, mainly on the back of the softer rand and concern over the euro. Global markets are on edge over fears that the eurozone sovereign debt crisis is spiralling out of control.
A local trader noted that there had been buying into weakness, but there were generally more sellers around.
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Source: FIN24
JSE tracks global stocks weaker
September 9, 2011--The JSE remained weaker in midday trade on Friday, tracking the lower trend on main global markets.
By 12:01 local time, the JSE All Share [JSE:J203] index was down 0.91%, with financials leading the downside at 1.14%, banks shed 1.09%, and industrials fell 0.88%. Resources were 0.85% off.
Gold slipped 0.23% while platinum miners rose 0.58%.
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Source: FIN24
Bonds retreat after gains, rand flat
September 9, 2011--Bonds pulled back slightly on Friday after the previous day’s strong gains, but their long-term outlook remains bullish as domestic and global data point to an economic slowdown that could merit further interest rate cuts.
The rand steadied against the dollar in early trade and would likely be driven by offshore economic data, given a dearth of market-moving local news, traders said.
Rand falls on growing pessimism
He added that there were a lot of issues to worry investors.
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JSE follows world markets read more
Bonds regain lost ground, rand softer read more
Rand softer against dollar read more
JSE closes 3.35% stronger read more
Rand firmer against dollar, eyeing euro read more
Source: FIN24
September 9, 2011-- The rand slipped against the dollar in late afternoon trade on Friday, as it tracked a euro made jittery by remarks from the European Central Bank (ECB) and the US Federal Reserve, causing investors to grow more pessimistic about the outlook for global growth.
"It's been one-way traffic for most currencies today against the dollar because the greenback has performed admirably," a local rand trader said.
Source: FIN24
August 8, 2011--The JSE closed in positive territory on Thursday, tracking international markets.
A local trader said the market had held up pretty well in the face of lower US futures. Despite negative futures, the US market rose into the black buoyed by some positive sentiment ahead of President Barack Obama's speech later in the day.
Source: FIN24
September 8, 2011--Bonds on Thursday gained back some of the ground lost in the previous session, with further gains seen if July’s manufacturing output data comes out weak at 11:00 GMT.
The rand has been drifting in ranges this week, and will mainly look abroad for direction, particularly the European Central Bank and US Federal Reserve’s comment later.
Source: FIN24
September 8, 2011--The rand remained a tad softer against the dollar in noon trade on Thursday, as markets awaited direction from events at the European Central Bank (ECB) and the US Federal Reserve.
"It seems as though markets generally are waiting for something to happen, although the local market has been fairly active and we've had decent volumes going through," a local currency trader said.
Source: FIN24
September 7, 2011--The JSE rallied on Wednesday, ending the session more than 3% on the positive side, boosted firmer by sentiment on global markets.
By 17:00 local time, the JSE All-share [JSE:J203] index had lifted 3.35%, with resources up 3.82%. Platinum miners gained 3.40%, but gold miners fell 0.73%. Banks surged 4.61%, industrials collected 3.15%, and financials garnered 3.22%.
Source: FIN24
September 7, 2011--The rand remained firmer against the dollar in noon trade on Wednesday as it tracked the euro. The common currency moved briefly higher after a German Constitutional Court ruling which upheld the first rescue bailout of Greece.
"We'll have to watch the euro which only spiked for a short amount of time on the court decision - if it collapses any further then I see dollar/rand pushing through R7.16," a local rand trader said.
Source: FIN24
