Peregrine Treasury Solutions

29 Jan 18

JSE Closes Weaker on Profit-taking in Cautious Trade Before Eskom Results


The JSE closed lower on Monday, as global risk-off sentiment ensured a sharp sell-off in banking, financial and property stocks, while global diversified miners gained on the weaker rand.

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29 Jan 18

JSE Closes Weaker Ahead of Eskom Results


“Markets seem to be a bit wary in anticipation of Eskom’s financial results‚” said Peregrine Treasury analyst Bianca Botes. This caution puts into perspective the dire straits SA still found itself in as a result of weak economic fundamentals‚ she said.

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29 Jan 18

JSE Slips, as Investors Take Profit after Last Week’s Risk-on Rally


Profit-taking and a slightly softer rand resulted in the worst daily loss on the JSE since mid-December on Monday, with local banks, retailers and the property index all falling about 4%.

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19 Jan 18

Rand Eyes Move Below R12 vs the Dollar after Reserve Bank Revises Growth Forecast


The rand firmed in morning trade against the dollar on Friday after the Reserve Bank revised its 2018 forecast for growth in gross domestic product (GDP) . The central bank’s Monetary Policy Committee maintained the repurchase rate at 6.75 % Thursday, for a third consecutive meeting, and in line with the estimates by all but seven of the 20 economists surveyed by Bloomberg.

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19 Jan 18

SARB's Hold on Rates Disappoints Business


Consumers are advised to keep a tight rein on their spending after the SA Reserve Bank (SARB) kept the repo rate unchanged yesterday at 6.75%, as expected. The central bank warned that, despite a stronger rand, inflation risks remained.

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