market and exchangelatest news & developments
The rand weakened to about R16.40 against the dollar as higher oil prices, weaker gold and expectations of further US interest-rate increases supported the US currency. The market moves could add pressure to fuel prices, borrowing costs and household budgets.
RAND

Rand weakens as oil prices rise and rate-hike fears support dollar

The rand weakened to about R16.40 against the dollar as higher oil prices, weaker gold and expectations of further US interest-rate increases supported the US currency. The…

  • Ashley Lechman
4 min read
A hawkish US Federal Reserve, widening South African current-account deficit and dependence on foreign capital could leave the rand vulnerable despite its attractive carry.
MARKET ANALYSIS

The hawk circling the rand

A hawkish US Federal Reserve, widening South African current-account deficit and dependence on foreign capital could leave the rand vulnerable despite its attractive carry.

  • Bianca Botes
7 min read
As Brent crude prices rise amidst geopolitical tensions, how will local currencies and commodities respond to the shifting economic landscape? Read on to find out more about market trends and what traders can expect in the coming week.
OIL PRICE

Oil gains while gold falls after strong US jobs data

Brent crude rose above $96 a barrel as US-Iran tensions raised supply concerns, while gold fell after stronger US jobs data reinforced expectations of higher US interest rates.

  • Ashley Lechman
3 min read
As global markets reel from the ramifications of geopolitical instability, investors must navigate a landscape of uncertainty. The surge in emerging markets and the volatility in oil and gold serve as critical reminders of the interconnectedness of global economies and highlight why now, more than ever, a shift in investment perspectives is necessary.
GLOBAL MARKETS

Global markets fall as US-Iran strikes fuel oil and inflation fears

As global markets reel from the ramifications of geopolitical instability, investors must navigate a landscape of uncertainty. The surge in emerging markets and the volatility in…

  • Ashley Lechman
3 min read
Global markets came under pressure after Federal Reserve Chair Kevin Warsh signalled that US interest-rate increases remained possible, while renewed US-Iran hostilities pushed Brent crude above $90 a barrel.
KEVIN WARSH

Rand weakens as Fed rate-hike fears and Iran conflict weigh on markets

Global markets came under pressure after Federal Reserve Chair Kevin Warsh signalled that US interest-rate increases remained possible, while renewed US-Iran hostilities pushed…

  • Ashley Lechman
3 min read
With Wall Street reacting strongly to Fed comments on inflation and interest rates, how will global markets fare? Discover the latest financial developments that are reshaping the investment landscape.
MARKET

Wall Street reacts to hawkish Fed comments, markets brace for potential rate hikes

With Wall Street reacting strongly to Fed comments on inflation and interest rates, how will global markets fare? Discover the latest financial developments that are reshaping…

  • Ashley Lechman
2 min read
South African markets ended August on a firmer footing, with the JSE, rand and resource shares advancing. However, rising oil prices and the prospect of higher fuel costs could still weigh on inflation and investor sentiment in September.
MARKETS

Financial markets improved strongly during August

South African markets ended August on a firmer footing, with the JSE, rand and resource shares advancing. However, rising oil prices and the prospect of higher fuel costs could…

  • Chris Harmse
3 min read
In a day characterised by cautious optimism, Wall Street's mixed close reflects the complexities of today’s economic landscape, with Nvidia's strong earnings offer a glimmer of hope amidst the inflation discussions. As traders worldwide digest these developments, all eyes are on how these factors will shape the forthcoming trading sessions.
RAND DOLLAR

Wall Street closes mixed amid Nvidia earnings and inflation observations

In a day characterised by cautious optimism, Wall Street's mixed close reflects the complexities of today’s economic landscape, with Nvidia's strong earnings offer a glimmer of…

  • Ashley Lechman
2 min read
The South African rand continues its impressive rally, trading at R15.92 against the US dollar, as international oil prices decline. With crucial economic data from the US on the horizon, experts weigh in on the implications for the rand and the broader market.
KPMG

Market optimism rises as South African rand trades at R15.92 against the dollar

The South African rand continues its impressive rally, trading at R15.92 against the US dollar, as international oil prices decline. With crucial economic data from the US on the…

  • Ashley Lechman
4 min read
The South African rand has demonstrated impressive resilience this week, rallying to R16.14 against the US dollar. This movement comes amidst a backdrop of mixed performances in global indices, as investors digest the latest insights from the Federal Open Market Committee (FOMC) minutes. Explore how these developments impact the financial landscape in South Africa and beyond.
RAND

South African rand shows resilience against the US dollar

The South African rand has demonstrated impressive resilience this week, rallying to R16.14 against the US dollar. This movement comes amidst a backdrop of mixed performances in…

  • Ashley Lechman
3 min read
Global markets are rebounding after a tech sell-off, with Wall Street showing stability. Discover how the Fed's latest minutes are impacting investments, alongside updates from Asia and Europe.
RAND

Global markets rebound: Fed signals patience while the rand shows strength

Global markets are rebounding after a tech sell-off, with Wall Street showing stability. Discover how the Fed's latest minutes are impacting investments, alongside updates from…

  • Ashley Lechman
2 min read
As gold prices surge and the US dollar weakens, the South African rand holds steady, trading at R16.24 to the dollar. Experts weigh in on the factors influencing this stability, including geopolitical tensions and economic indicators.
RAND DOLLAR

South African rand remains stable as gold prices rise and US dollar weakens

Discover how geopolitical tensions and economic indicators are influencing the South African rand's surprising stability amidst rising gold prices and a weakening US dollar.

  • Ashley Lechman
2 min read
The Strait of Hormuz remains the key risk for oil markets this week, with higher crude prices threatening to add further pressure to fuel costs and inflation.
MARKET ANALYSIS

International Energy Agency warns of global oil deficit amid Hormuz bottleneck

The Strait of Hormuz remains the key risk for oil markets this week, with higher crude prices threatening to add further pressure to fuel costs and inflation.

  • Ashley Lechman
3 min read