Woolworths has been the leading retail stock in recent months on the JSE, and it’s now gone on to break out above important resistance levels. This is bullish and the stock has two higher price targets.
After a full decade and several legal challenges – including in the Supreme Court of Appeal – the Competition Tribunal this week approved settlement agreements between the Competition Commission and two wire products manufacturers accused of cartel conduct.
More focus will be on the press conference following the interest rate decision for more clues on how the Fed plans to help spur economic growth given that the ECB has already taken on quantitative easing.
Global equities have wavered on Wednesday as caution set in before a crucial US interest rate decision, while investors remained alert to developments in the Middle East after the weekend attack on Saudi oil facilities.
Hong Kong stocks have finished Wednesday with losses, extending a sell-off to a third day as traders fret over the impact of protests on the city, while they are awaiting a key Federal Reserve policy decision later in the day.
Asian equities have been mixed, with attention turning to the Federal Reserve's key policy decision later in the day, while investors remain on alert for developments in the Middle East after the attack on Saudi oil facilities rocked markets.
Hong Kong shares have extended losses Tuesday on growing geopolitical fears after the weekend attack on Saudi oil facilities, while traders were also on edge over increasingly violent protests that have rocked the city for months.