Exactly a month ago today, the JSE Top 40 index traded at 37,550 points with the COVID-19 sell-off rippled across local and global markets. Today the index has gained 20 per cent from those lows, not far behind global peers on Wall Street. Is this a signal investors think the worst of COVID-19 is over? Byron Lotter, Portfolio Manager, Vestact and Seleho Tsatsi, Investment Analyst at Anchor Capital join CNBC Africa for more....
While Thursday’s stock market was fueled by the rapid global spread of the coronavirus pandemic, and U.S. President Donald Trump’s announcement of travel restrictions from Europe, markets today are painting an inconsistent and chaotic picture.
Markets in turmoil: India, Thailand halt trading, stock futures point to more pain ahead for US, European & African markets
Stock futures pointed to more pain ahead on Friday.
It’s helpful to know what a “bear market” is, because based on history it looks like we could be here for a while.
The rout on the equities market in Nigeria continues for the fifth straight session today as sell sentiments continue. Tunde Oyekunle, Head of Investment Banking at PAC Capital joins CNBC Africa to review the equities market....
Fears of a U.S recession has been looming in the markets over the past few weeks. Many believe that the U.S is already in recession territory with the U.S 3 month Treasury bill being above the 10 year since May, this has been an indication of a recession in the past. Joining CNBC Africa for more is and how it could possibly impact African markets is Charles Robertson, Global Chief Economist at Renaissance Capital.
CNBC Africa is joined by John Cairns, Global Markets Strategist, RMB to explain his thoughts on why the rand could weaken to R20 to the dollar by next year.
Edgar Mafoko, Portfolio Manager at FNB Wealth and Investments explains his reasons for selecting Hyprop, South Africa's largest listed specialised shopping centre Real Estate Investment Trust, as his Hot Stock.