Long bonds set to shine. Oil drops to worst level since July

  • 📰 News24
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 80%

South Africa Headlines News

South Africa Latest News,South Africa Headlines

Investments | Long bonds set to shine. Oil drops to worst level since July

at 72 465 points. Investec jumped more than 5% after the group upped its profit guidance by 5% to 8%. Investec shares have gained over a fifth in the past 12 months. TFG lost almost 3% to R104.37 ahead of its results on Friday.as the the dollar gained for a third day on Wednesday. The US currency continues to recover from a sharp selloff last week on rising confidence that the Federal Reserve has ended its interest rate hiking cycle.

Traders also remained on alert for potential intervention in the Japanese yen as it holds above the 150 level against the dollar. Many economists and analysts expect the US economy to slow in the fourth quarter, which makes further rate hikes less likely and will dent the appeal of the greenback, which has benefitted from the relative strength of the US compared to other major economies.South Africans need to be in the know if we want to create a prosperous future.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sudan Delegation in China Proposes Increased Oil InvestmentsThe Sudanese delegation currently visiting China met with the general manager of the China National Petroleum Corporation (CNPC) in Beijing on Friday. Finance Minister Jibril Ibrahim put forward a proposal to repay Sudan's debts to China.
Source: allafrica - 🏆 1. / 99 Read more »

Tactical asset allocation as a short-term market view‘Betting everything on one outcome generally is not a well-diversified approach’: Chris Eddy – 10X Investments.
Source: Moneyweb - 🏆 5. / 77 Read more »

What’s Next in Motoring — TiAuto Investments CEO Alex Taplin unpacks the success of Tiger Wheel & TyreTiAuto Investments Group CEO Alex Taplin talks about Tiger Wheel & Tyre’s successful business model.
Source: mybroadband - 🏆 11. / 67 Read more »

Diversifcation 101 - and the dollar makes a comebackInvestments | Diversifcation 101 - and the dollar makes a comeback
Source: News24 - 🏆 4. / 80 Read more »

'I cried tears of joy when I left Arsenal in July''I cried tears of joy when I left Arsenal in July'
Source: KickOffMagazine - 🏆 36. / 51 Read more »

More Offshore Oil Wells for Conflict-Ridden Northern MozambiqueThe Italian Energy Company ENI, which currently exports liquefied natural gas (LNG) from Area 4 of the Rovuma Basin off the coast of the northern Mozambican province of Cabo Delgado, is preparing to drill four new hydrocarbon wells.
Source: allafrica - 🏆 1. / 99 Read more »