South African markets closed in the green on WednesdayThe rise in mining stocks provided a boost.
Exxaro Resources, African Rainbow Minerals, Merafe Resources and Kumba Iron Ore soared 6.1%, 4.4%, 2.2% and 1.9% respectively.
RCL Foods, Famous Brands, AVI and Tiger Brands rose 2.4%, 1.7%, 1.5% and 0.7%, respectively.
Meanwhile, platinum miners Impala Platinum Holdings and Northam Platinum fell 4.2% and 2.0%, respectively.
Capitec Bank Holdings, Nedbank Group and Absa Group fell 3.4%, 0.9% and 0.8% respectively.
Gold miners Sibanye Stillwater and Gold Fields fell 1.0% and 0.8%, respectively. The JSE All Shares Index rose slightly to close at 75,520.38.
The rand weakened against the US dollar on Wednesday.. In the United States, consumer price inflation rose more than expected in March. Yields on benchmark government bonds rose yesterday. The yield on the 2030 bond rose to 10.82%, and the yield on the 2040 long-term bond rose to 13.20%.
As of 5:30 a.m. on Thursday, the US dollar was trading 0.2% lower against the South African rand at R18.7342, while the euro was trading 0.2% lower at R20.1349.
As of 05:30 South African time, the British pound was trading at R23.5092, down 0.2% against the South African rand.
Yesterday, the euro nearly depreciated against most major currencies.
As of 05:30 PST, the euro was up 0% against the US dollar, trading at $1.0749, while against the British pound, it was down 0%, trading at £0.8567.
Market Latest Information anchor capital
England
The UK market ended strongly yesterday, supported by gains in Tesco. Tesco rose 3.3% after reporting a jump in pre-tax profits and higher annual profits and volumes. Additionally, the company expects further profit growth due to early signs of improving consumer sentiment. Pier J Sainsbury he added 0.9%.
Energy companies Shell and BP rose 1.4% and 0.7%, respectively. Meanwhile, property companies Barratt Developments, British Land Company and Land Securities Group fell 2.1%, 1.8% and 1.6% respectively. Insurers Old Mutual, St. James Place, Prudential and Legal & General Group fell 2.9%, 2.1%, 1.2% and 0.7%, respectively.
The FTSE 100 index rose 0.3% to close at 7,961.21.
we
US markets ended sharply lower yesterday as stubborn US inflation data dampened hopes for an early interest rate cut. Technology companies Intel, Apple, Salesforce.com and Microsoft fell 3.0%, 1.1%, 0.9% and 0.7%, respectively.
Financial services companies Goldman Sachs Group, American Express, JPMorgan Chase and Visa fell 2.4%, 1.0%, 0.9% and 0.8%, respectively.
Food companies ConAgra Brands, General Mills and Mondelez International fell 2.2%, 1.9% and 1.7%, respectively.
Energy companies Exxon Mobil Corp. and Devon Energy Corp. added 0.8% and 0.7%, respectively.
The S&P 500 index fell 0.9% to close at 5160.64, and the DJIA index fell 1.1% to close at 38,461.51. The Nasdaq index fell 0.8% to close at 16,170.36.
Asia
Asian markets were trading mostly lower on Thursday morning on concerns about interest rate cuts.
In Japan, e-commerce company Mercari fell 2.8%, while power services company Osaka Gas rose 3.6%.
In Hong Kong, internet company NetEase fell 3.8%. On the other hand, food company WH Group rose 2.2%.
In South Korea, electronics company Sunny Electronics rose 8.6%. Meanwhile, LG Electronics fell 1.1%. The Nikkei 225 index was trading 0.5% lower at 39,383.73. The Hang Seng Index was trading 1.0% lower at 16,973.38, while the Kospi Index was trading slightly higher at 2,706.00.
merchandise
Brent prices rose 0.3% to trade at $90.78 per barrel at 5:30 a.m. ET on Thursday amid rising tensions in the Middle East.
Brent prices rose 1.2% to settle at $90.48 per barrel yesterday after an Israeli airstrike in the Gaza Strip killed three sons of a Hamas leader. This raised concerns that ceasefire negotiations would come to a halt.
As of 5:30 a.m. Southeast Thursday, gold prices were trading at $2,345.85 an ounce, up 0.6%. On Wednesday, gold fell 0.8% to close at $2,332.79 per ounce. This is because demand for the precious yellow metal has declined due to a strong dollar and rising US bond yields.
Yesterday, copper fell 0.6% to close at $9,240.30. Aluminum closed 0.2% lower at $2,456.00.
South Africans need to gain knowledge if we want to build a prosperous future. News24 has been keeping the nation informed for 25 years and we are entering a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news designed to inform, empower and inspire.