SA Company News:
The JSE outperformed global peers yesterday as the Asian tech resurgence helped Naspers recoup some of its losses over the past two days. South African company results continued to impress with Impala up 2.9% after their update.
South Africa plans relief measures worth about R36 billion ($2.4 billion) to support businesses and individuals affected by Covid-19 restrictions and recent unrest, the finance ministry said on Wednesday.
Record investments show Covid has not dulled the appetite for venture capital.
The Fed maintained its hawkish stance at last night’s FOMC keeping the benchmark rate near zero and reiterating that inflation had run persistently below its long-run 2% goal. Powell also stated there was still some way to go to meet the conditions for tapering and officials had discussed how to scale back bond-buying when the time came.
Reports that China will still allow companies to list in the US helped the Nasdaq rally last night and the Hang Seng Tech Index 6.8% this morning.
Gold Spot $1815.80.
Platinum Spot $1076.10.
Brent Future 75.00
The rand is slightly firmer at R14.66/$.
Bitcoin had trading close to $40,000.
A continuing recovery in Bitcoin has put the largest cryptocurrency on course for its longest winning streak this year.
|Commodities $||Cross Currencies ($)||Major Indices|