Both confusion over the US stimulus package and more Covid-19 surges are weighing on markets
The rand was weaker on Friday morning as concerns about a delayed US stimulus decision weighed on sentiment.
“The rand, like most currencies and stock markets on Friday morning, is trading flat lack of fresh news keeps investors on the sidelines. Poor Chinese retail sales data had little impact on markets this morning,” said TreasuryONE senior dealer Andre Botha.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WATCH: How a weaker rand boosted ExxaroExxaro CEO Mxolisi Mgojo talks to Business Day TV about the company’s performance
Read more »
SA has enough old cellphones lying around to make a billion rand profitSomewhere in South Africa, in a house just like yours, sits an old cellphone tucked away in a drawer.
Read more »
SA has enough old cellphones lying around to make a billion rand profitAccording to researchers at Gumtree, there are so many unused smart cellphones in South Africans' drawers that we have the potential to sell them for a combined R1bn profit.
Read more »
Rand slumps as focus shifts to mining dataThe local currency weakened alongside most of its emerging market peers as US stimulus talks stalled
Read more »
Rand extends gains, stocks rally for second dayThe rand has been under pressure from shifts in investor appetite for emerging market assets as well as weak economic data pointing to a deep recession in South Africa in 2020 due to the impact of the coronavirus pandemic and a slow recovery in 2021.
Read more »
WATCH: How a weaker rand boosted ExxaroExxaro CEO Mxolisi Mgojo talks to Business Day TV about the company’s performance
Read more »