Market Summary: A tough day out there…

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Market Summary: A tough day out there…

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Published Date: 2021-09-28 | Source: INCE|Community | Author: Currency Assist

Market Summary: A tough day out there…

Market Summary

The JSE TOP 40 Index traded above the flatline at 57,720 level on Monday with tech & oil stocks the big winners. The South African currency weakened by 2% to the R15.05 level on Monday as investors were concerned over higher oil and lower commodity prices.

In the US the FED will likely start reducing stimulus this year and speeches from several FED policymakers this week could provide more clues on the exact tapering timeline.

European investors digested results of the vote in Germany as Germany's Social Democrats won their first national election since 2005.

Concerns over Chinese power curbs and property giant Evergrande group continue to weigh on markets, traders were still unsure whether Evergrande paid the interest on the offshore bond that was due last Thursday.





15H00 SAST 27.09.2021

BUYSELL
USD/ZAR15.0203 15.1303
EUR/ZAR17.5938
17.6870
ZAR/JPY7.3254
7.3913
GBP/ZAR20.6154
20.7151
AUD/ZAR10.9056
10.9958
ZAR/CAD11.8469
11.9770
ZAR/CHF16.1409
16.3733
NZD/ZAR10.5183
10.6068



DISCLAIMER: The rates quoted are shown for indicative purposes only.



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