Flash Briefing: SA rates likely to drop - Moody's; Trade wars power up gold stocks; African swine fever to hit SA consumers
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Ratings agency Moody’s Investors Service has said it expects South Africa's interest rates to fall.
It’s not just South Africa that is struggling to turbo-charge its economy. Amid concerns that a global recession looms, the European Central Bank has kept low-rates unchanged, reports Bloomberg.
The FTSE/ JSE Gold Mining Index has been rising steadily in recent weeks as investors’ expectations for a quick deal between the US and China have evaporated. Spot gold was up to around $1,337 an ounce late on Thursday.
Also set to benefit from a Trump-sparked trade war with China could be Chinese rare earths. A group of 17 elements that appear in low concentrations in the ground, rare earths are used in a wide-range of products stretching from lasers and military equipment to magnets found in consumer electronics, as Reuters reports.
Asia is losing the battle to stop the biggest animal disease outbreak the planet has ever faced. Local agricultural analyst Wandile Sihlobo warns that South African consumers are likely to feel the effect of the African swine fever outbreak.
On the JSE, big movers on Thursday included British American Tobacco, with its share price up about 3.5%, and paper and packaging company Sappi, which shed nearly 4%.
Also on Thursday, the rand was trading at around just under R15 to the US dollar and about R19 to the British pound, while R17 could get you one Euro.
It’s not just South Africa that is struggling to turbo-charge its economy. Amid concerns that a global recession looms, the European Central Bank has kept low-rates unchanged, reports Bloomberg.
The FTSE/ JSE Gold Mining Index has been rising steadily in recent weeks as investors’ expectations for a quick deal between the US and China have evaporated. Spot gold was up to around $1,337 an ounce late on Thursday.
Also set to benefit from a Trump-sparked trade war with China could be Chinese rare earths. A group of 17 elements that appear in low concentrations in the ground, rare earths are used in a wide-range of products stretching from lasers and military equipment to magnets found in consumer electronics, as Reuters reports.
Asia is losing the battle to stop the biggest animal disease outbreak the planet has ever faced. Local agricultural analyst Wandile Sihlobo warns that South African consumers are likely to feel the effect of the African swine fever outbreak.
On the JSE, big movers on Thursday included British American Tobacco, with its share price up about 3.5%, and paper and packaging company Sappi, which shed nearly 4%.
Also on Thursday, the rand was trading at around just under R15 to the US dollar and about R19 to the British pound, while R17 could get you one Euro.
