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Investors awaiting US jobs report before making the next move By Opinion By Hussein Sayed US equity futures are struggling for direction this morning after a late tech selloff yesterday sent the Nasdaq lower for a fourth consecutive session. But the Dow Jones Industrial Average managed to advance to a new record high with the support of cyclical industries. European markets are also set for a subdued open following a mixed Asia session which saw Japanese stocks outperforming on their return from holiday, while shares in China and Australia dropped after Beijing announced a suspension of regul...

Rand rises against subdued dollar after Fed holds rates By Siphelele Dludla Share JOHANNESBURG - THE RAND rose at a more than one-week high against the greenback yesterday amid a subdued dollar after the US Federal Reserve held interest rates unchanged at near zero. The Fed was steadfast in its attempt to achieve the Federal Open Market Committee's target of maximum employment and inflation at the rate of 2 percent over the long term. The rand peaked at R14.15 against the dollar during intraday trade yesterday, its highest level on a closing basis since 19 April, before closing 1 cent stron...

Over the past few weeks, stock markets have been similarly buoyant, hitting new highs across the world. The broadest measure of stocks in the world’s premier economy, the S&P500 seems to hit fresh records every week or so, while the more volatile technology-heavy Nasdaq index is once more closing in on its highs. Even in Europe, where lockdowns are still ever-present and the vaccine rollout has been slower, Germany’s major stock market churned out an impressive 9 per cent gain in the first quarter of this year. This has been primarily driven by bank stocks, which investors have been hungr...

MOSCOW (Sputnik) - The Afghan High Council for National Reconciliation has proposed a plan to restore peace in the country that prescribes the creation of an interim...

by Tyler Durden Thursday, Apr 08, 2021 - 07:50 AM European stocks hit a new record highs on Thursday, buoyed by optimism in Britain over easing lockdown restrictions, while the benign outlook on US interest rates revealed in the latest FOMC Minutes where the Fed indicated it will maintain its commitment to supportive policy, helped push S&P futures to new all time highs after the cash index closed at a record on Wednesday. Treasury yields dropped, the dollar slipped and crude oil fell as the pandemic worsened in key regions just as OPEC+ prepares to add supply over the coming months. At 7:30...