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JSE flat after CPI data, rates decision
March 20, 2013--The JSE was flat early on Wednesday afternoon, showing a muted response to the weaker-than-expected CPI print and the announcement that the repo rate
would stay unchanged at 5%‚ as expected.
SA’s consumer inflation rate rose to 5.9% year on year in February‚ after measuring 5.4% year on year in January‚ Statistics SA announced earlier this morning ‚ while the SA Reserve Bank left the repo rate unchanged. .
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Source: FIN24
Rand tanks on rates announcement
March 20, 2013--The South African Reserve Bank left the repo rate at historical lows on Wednesday, saying concerns about weak growth were offset by a deterioration in the inflation outlook caused a sharply weaker currency.
However, governor Gill Marcus made clear she would not be stepping in to stem a 9% depreciation in the rand this year, disappointing some analysts who had been expecting a more aggressive stance to defend the currency.
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Source: FIN24
Miners keep JSE on back foot
April 19, 2013--Heavy weighted mining stocks led the JSE lower at noon on Tuesday, offsetting gains in the banking and financial sectors.
At 12:34‚ the JSE All Share [JSE:J203] index was down 0.41% to 40 306.72 points‚ with the Top 40 - (Tradeable) [JSE:J200] index losing 0.51% to 35 772.46. The resource index dropped 1.55% but banks lifted 1.35%.
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Source: FIN24
Rand softer on electricity concerns
March 19, 2013--The rand extended its decline at noon due to fears of forced Eskom electricity blackouts,
that could have a negative affect on mining and manufacturing.
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Source: FIN24
Bonds soft despite good auction
March 19, 2013--The South African bond market has been soft in midday trade,
despite a good weekly bond auction as the weaker rand weighed on investor sentiment.
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Source: FIN24
JSE softer on global sentiment
April 18, 2013--The JSE followed world markets lower on Monday due to negative sentiment after a Cyprus bank bailout proposal that included an unexpected levy on bank account deposits.
The bailout proposal led to renewed fears that the eurozone debt crisis could deepen.
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Source: FIN24
Rand weaker but off worst levels
March 18, 2013--The rand has been weaker, but off the session's worst levels' as global risk sentiment regarding the Cyprus bailout deal
improved‚ boosting euro/dollar crosses.
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Source: FIN24
Bonds off worst level
March 18, 2013--The bond market has been off its worst level, as the rand recovered some of its losses after it
weakened following a bank bailout deal in Cyprus.
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Source: FIN24
JSE ends down despite miner gains
March 15, 2013--Despite miners making gains on the JSE on Friday, the all share index ended in negative territory, with platinums the main gainers and banks the laggards.
At 17:00‚ the JSE All Share [JSE:J203] index closed 0.37% softer at 40 757.94 points‚ with the top 40 index giving back 0.40%.
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Source: FIN24
Rand weakens on domestic factors
March 15, 2013--The rand slipped in late trade on Friday as lingering domestic factors overshadowed euro/dollar strength.
At 15:58 the rand was bid at R9.1971/$ from R9.1629/$ at Thursday’s close and R9.2549/$ at Wednesday’s close
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Source: FIN24
