The rand reversed some of its previous session losses in early trade this morning. By 10 am the local unit had firmed 0.04% against the Dollar and 0.09% against the Euro and 0.15% against the British pound, trading at:

 R13.38 against the US Dollar

R15.17 against the Euro

R17.25 against the British pound

 

JSE:

 The local bourse inched higher in early trade with the all share index and the top 40 index both up o.4% in early trade. Gold Mining stocks were down 0.8% while financials were up 0.9%. Some of the big movers saw Tawana share price gain 14.6% in early trade, while Ellies stock had tanked by 11.7% in early trade.

 

International Markets:

 European markets:  The FTSE was little changed in early trade up just 0.03%

 

US markets: Major U.S. benchmarks saw mixed results overnight. The NASDAQ was up 0.6% as technology stocks rose 1%, while the Dow Jones was down 0.01%, dragged down by low crude oil prices

 

Asian Markets: 

Asian stocks were trading weaker in early trade as tensions around North Korea weighed down Asian markets.

 

The Nikkei was down 0.4% 

Hang Seng was down 0.2%

 

Market factors to watch out for today:

 

Sacci expected to release its Business Confidence Index


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