Rand reaches 5-month high, bonds gain-continued

February 1, 2012--South Africa’s rand surged more than 2% against the dollar on Wednesday, touching a near-five month high in line with a stronger euro as hopes of a resolution to Greece’s debt crisis helped to lift risk appetite globally.
Government bonds rallied in tandem, supported by continued demand from foreign investors looking for yield in emerging markets. The rand soared to a session high of 7.6575/dollar, its strongest level since Sept. 20 last year, and was trading at 7.66 by 16:03 GMT, up 2.05% on the day.

read more

Source: FIN24

AFRICA ETP News
Sappi, Sibanye lead JSE lower
August 7, 2015--The JSE has fallen for the second session in a row, led by companies such as pulp and paper
read more
Resources drag JSE down
August 6, 2015--Resources shares on the JSE took another beating,
read more
Rand edges higher, remains vulnerable
August 6, 2015--The rand has inched higher against the dollar, just off 14-year lows, as the market remains in
read more
JSE treads water after surprise upturn
August 5, 2015--Major indices on the JSE have hardly moved, but interesting times lie may ahead after the market's
read more
Rand breaks through R20/£
August 5, 2015--The rand has broken through the R20 to the pound level and
read more
Nedbank fillip boosts JSE
August 4, 2015--A strong performance by Nedbank has given the Financial index on the JSE a firm lift
read more
Rand recovers but remains vulnerable
August 4, 2015--The rand has recovered some lost ground against the dollar and its emerging market peers in early
read more
Brief resources rally ends on JSE
August 3, 2015--The JSE's brief recovery in resource shares has come to an abrupt halt after stocks dropped
read more
Rand under pressure, US rate outlook to set course
August 3, 2015--The rand has remained under pressure after the release of weak manufacturing data out of China
read more