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Daily Solutions – 03 February 2017

By Alexander Forbes Investments on Feb 03, 2017 in Industry Updates Market and Economic Commentary The news

The JSE closed weaker on Thursday as a drop in banking, financial and retail shares was only slightly offset by a rise in golds and platinums, as risk-off trade gripped the market. Sentiment was unsettled after the US Federal Reserve kept rates on hold amid general caution on the expected outcome of US President Donald Trump’s economic policies.

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Daily Solutions – 02 February 2017

By Alexander Forbes Investments on Feb 02, 2017 in Industry Updates Market and Economic Commentary The news

The JSE ended mixed on Wednesday as resources and platinums gained on higher metals prices, while banks and financials were lower following the release of an unflattering credit opinion on SA by Moody’s. The rating agency said it would likely downgrade SA “in the absence of fundamental structural reforms supporting higher and sustainable medium-term growth”.

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Daily Solutions – 01 February 2017

By Alexander Forbes Investments on Feb 01, 2017 in Industry Updates Market and Economic Commentary The news

The JSE closed marginally higher on Tuesday in low-volume trade with gains led by golds, platinums and banks. Trading was choppy for most of the day as the market sought direction from local and international developments. Value traded amounted to just R14bn. Platinums were higher on a firmer metal price.

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Daily Solutions – 23 September 2016

By Alexander Forbes Investments on Sep 23, 2016 in Industry Updates Market and Economic Commentary

The JSE closed substantially firmer on Thursday buoyed by risk-on global sentiment and the Reserve Bank’s decision to keep interest rates unchanged. It was the first firmer close in three days for the all share after Reserve Bank governor Lesetja Kganyago said the rate-hiking cycle, in place since the beginning of 2014, might be coming to an end.

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