ZAR is now almost 40% weaker
It is certainly not any good news on the currency front at this stage. See the graph. ZAR is now almost 40% weaker than at the start of 2020. On Friday evening Fitch downgraded South Africa’s l
All eyes will be on the US unemployment number as well as the non-farm payrolls number out this afternoon
All eyes will be on the US unemployment number as well as the non-farm payrolls number
Another dismal day for the Rand
Another dismal day for the Rand yesterday which closed at a record 18.2188 last night after selling off in New York. Investment banks and hedge funds are shying away from EM assets
South Africa record trade surplus
Markets turned negative in New York last night with Wall Street closing down, Gold falling 3.1% and EM currencies giving back their gains of the day.
Covid-19 fears continue to hang over markets
Global equity markets had a positive day yesterday after the sell-off on Friday however, Covid-19 fears continue to hang over markets. The Dow was up 3.19
SA’s historic first day of national lockdown
South Africa’s historic first day of national lockdown sees very quiet streets and highways but largely unchanged local and global markets. Asian stocks are trading in positive territory
Final day before the 21-day lockdown
As we enter the final day before the 21-day lockdown here in South Africa the Rand clawed back some of its losses in overnight trade, trading in the mid- R17.20’s at one stage
Senate agreed on the stimulus package
Markets had their best day in quite a while yesterday as the Fed’s moves for unlimited QE gave markets some support. The Covid-19 numbers, however, remain a major concern
President Ramaphosa announced a national
Last night, President Cyril Ramaphosa announced a national lockdown for a period of 21 days effective as of midnight on Thursday the 26th.
Covid-19 pandemic effects continue
The Covid-19 pandemic effects continue to drive total risk aversion in all markets. US equities closed down again on Friday and US