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News : Fin24.com - Markets News
- Wall Street up on wholesale data
Wall Street stocks have drifted higher after government data showed a drop in wholesale inventories and rising sales, lifting hopes of economic recovery and improvement in the job market.
- JSE ends firmer on China data
South African stocks have ended firmly in the black amid positive economic trade data out of China, which boosted commodity stocks.
- Weakening the rand a 'bad move'
The managing director of the IMF says artificially weakening the rand will be a "very
short-sighted"move for South Africa to make.
- Bonds tad firmer in subdued trade
Bonds remain a
smidgen firmer amid quiet conditions and with
little in the way of major news or economic data to provide direction.
- JSE bucks global trend
Bucking the international trend with little in the way of fresh news or economic data to provide direction for global markets, the JSE is firmer.
- Rand trading in a tight range
The rand is trapped in a tight range. It is in what a trader describes as a
consolidatory period.
- Bonds smidgen firmer
Bonds are a smidgen firmer in quiet trade. There is no major local economic data
due, with manufacturing and mining production likely to remain the key focus.
- Oil mixed ahead of energy report
Oil prices are mixed in Asian trade ahead of a closely watched report on energy demand in the United States, the world's biggest energy consumer.
- Gold steadies as euro bounces
Gold is steady after the euro bounced slightly higher against the dollar though weaker oil prices could prompt new selling, traders say.
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