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Sterling gained for the first time in 15 sessions against the common currency Friday, having been battered this month by the prospect that a hard-line Brexit candidate could replace May.
It was a sea of red across market counter indicators on Thursday as equity indices traded weaker from Asia to the US.
US tech giant Google has announced that it would be restricting Huawei's access to its android operating system due to the company being blacklisted.
TreasuryONE said in a note earlier that the rand was holding on to Wednesday's gains despite the stronger dollar.
The JSE All-share index is currently breaking below a very important support area as the US-China trade war creates havoc with world stock markets.
There’s the trade war, the escalating conflagration in Washington, near-anarchy in the UK and tensions in the Middle East. Add perceptions of a stiffening Federal Reserve and signs global economic growth is softening and it’s a recipe for price-screen red.
The JSE closed weaker on Wednesday led by moderate losses across most blue-chip stocks.
The local unit ended the day's session at R14.36 to the dollar, having opened at R14.39.
US equity futures dropped along with European stocks as investors digested the latest developments in the Sino-American confrontation over technology.
The JSE traded mostly flat on Tuesday as it struggled for direction following a mixed trading session in Asia.
The rand ended the day at R14.38 to the greenback.
European stock markets have recovered but concerns about the Huawei row and broader China-US trade war kept investors on edge.
US stocks advanced on Tuesday following a mixed session in Asia as the trade-war driven back-and-forth that has dominated markets this month showed few signs of abating.
The rand weakened in early trade, before strengthening somewhat, as uncertainty around US-China trade talks dampened demand for emerging markets currencies.
European stock markets have rebounded at the start of trading, with London's benchmark FTSE 100 index up 0.4% at 7 336.97 points.
South Africa’s Strategic Fuel Fund is welcome to bring in partners to help it execute a $1bn agreement to drill for oil and build a refinery and pipeline in South Sudan, the central African nation’s oil minister said.
The Australian stock market closed at its highest level in more than a decade on Monday, on news of a shock election victory for the ruling centre-right government.
US equity futures dropped alongside stocks in Europe as the fallout of White House moves against Chinese telco giant Huawei rippled through the technology industry.
The rand regained some ground against the dollar on Monday morning after weakening late last week, but is expected to remain under pressure as trade tensions between the US and China take centre stage.
Oil started the week strongly after Saudi Arabia and other OPEC+ members signaled intentions to keep supplies constrained for the rest of the year, while US tensions with Iran ratcheted up.