Head Topics

MARKET WRAP: Waning US inflation lashes rand

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

South Africa Headlines News

Rand weakens most in more than three weeks as US CPI data suggests tapering may be some months off yet

The rand weakened the most in more than three weeks as investors mulled over slightly lower-than-expected US inflation data. The JSE also fell, taking its cue from weaker markets in Shanghai and Hong Kong, with losses among miners and industrials overshadowing gains by banks and financials.

US inflation data is watched closely for any indication of when the Federal Reserve will start tapering its monthly stimulus. The country’s consumer price index rose 5.3% in the year ended in August, slightly below the 5.4% increase in June and July, the Bureau of Labour Statistics said on Tuesday...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Poor Rand 😒. Sooo sensitive.

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:

 /  🏆 12. 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.

MARKET WRAP: Miners, Sasol the day’s stars on the JSEMarket ends firmer but caution abounds on global bourses amid fears the Delta strain will delay economic recovery He has proven to be the best news that has ever happened to me, Am very happy, and I will continue to testify about your good works until the world gets to know how genuine TonishKevin
Source: BDliveSA - 🏆 12. / 63 Read more »

Market data — September 12 2021Market data including bonds and fuel prices The best choice I've made this year was investing in cryptocurrency and forex trading and earning from home. With the help of TonishKevin I've been earning R25k weekly I've never regretted this decision. 🙏
Source: BDliveSA - 🏆 12. / 63 Read more »

UK readies infrastructure plan to boost labour marketBritain launched the latest phase of a multi-billion-pound infrastructure plan which it hopes will boost the pandemic-hit labour market.
Source: eNCA - 🏆 49. / 51 Read more »

South Korean antitrust agency fines Google $177m for abusing market dominanceSouth Korea's antitrust regulator on Tuesday fined Alphabet Inc's Google 207 billion won ($176.64 million), saying the US technology giant abused its dominant market position to restrict competition in the mobile operating system market.
Source: TimesLIVE - 🏆 28. / 59 Read more »

Twenty years after 9/11, one of the last US Marines killed in Afghanistan comes homeHundreds gather to receive remains of US Marine sergeant Johanny Rosario I entrusted Dennismayson7 with my money since I took rush of investing my money with he platform, and since then I've recovered all I lost to scams. Get in touch with Dennismayson7 and get a good mentorship and safe trading.
Source: BDliveSA - 🏆 12. / 63 Read more »

Pandor: Partnership with Huawei good for SA, but stay out of US fightThe international relations minister said Huawei has proven a good partner in uplifting local communities. I owe you an apology to ever doubt your sincerity and professionalism. It’s was just like a dream to me when I received my first payment. After my second payment it became a reality now after several payments it has become a way of life. Lisamarkdonalld I really appreciate you.
Source: TheCitizen_News - 🏆 6. / 75 Read more »