Investor appetite for riskier assets supports South Africa’s rand on Thursday morning.
Brent crude oil rose above $50 a barrel for the first time in nearly seven months on Thursday, but Asian shares struggled to gain traction.
Wall Street rose robustly for a second straight session on Wednesday, helped by higher oil prices.
Gold drops to the lowest level in seven weeks as home sales in the US rise, adding to speculation the economy can withstand higher interest rates.
European equities climbed to a four-week high on Wednesday, with energy shares rising on the back of a rally in oil.
The Hang Seng Index rose 2.7 percent on Wednesday, while the China Enterprises Index gained 2.8 percent.
SA’s rand reaches a one-week high against the dollar in early trade on Wednesday.
Asian shares jumped on Wednesday after taking cues from sharp gains in European and US markets.
The Nasdaq had its strongest day in three months as investors made peace with the possibility that the US Federal Reserve ...
Oil prices fall for a fifth consecutive day and financial markets are volatile as investors wait to see whether US interest ...
The rand weakens against the dollar as a bout of risk aversion cooled investor appetite for emerging market assets.
European shares rise, shrugging off losses at the start of trading as firmer financial stocks lifted the region's equity markets.
Asian shares stumble and the US dollar pares some of its recent losses as investors worry about the likelihood of a US interest rate hike.
Wall Street looks set to open little changed as investors await speeches by Fed officials this week for clues on the timing of the next rate increase.
Oil discoveries fall to their lowest since 1952 as energy companies slash exploration budgets in the wake of the oil price fall.