The JSE all share index has not seen any recoveries on Tuesday closing the day on 65 552 with a
-0.02% loss since its opening price of 65 563.
On Tuesday the South African equity markets saw Visual International Holdings Ltd taking the title for biggest loser of the day with a -30.00% moving from R0.1 to R0.07, whilst Imbalie Beauty Ltd saw a 50.00% gain moving from R0.02 to R0.03, making it the biggest winner in the equity market.
Following FED chair Powell’s testimony to Congress last night, the rand lost some ground against the Greenbag closing at 14.27 from its opening of 14.23
Gold saw a slight loss from its opening of 1 783.53 to 1 782.99 USD/oz.
Platinum was trading at 1 072.05 USD/oz. from its open price of 1 038.00 USD/oz giving it a 1.74% gain on Tuesday.
Palladium saw a slight move from 2 581 and closing at 2 555 USD/oz. losing -1.0%.
Oil (Brent Crude) closed with at 74.81 from its opening of 74.90 USD.
The Fed chair Jerome Powell reiterated that a tighter monetary policy won’t be implemented on ‘fears’ of inflation. He noted that inflation should move back to the 2% target that the central bank aimed for once disparity in supply gets resolved.
The Greenbag continued to loosen its grip against major currencies (US Dollar Index moved from its opening of 91.88 to close of yesterday at 91.66).
NASDAQ saw a slight rebound yesterday to hit yet another record high closing at 14 253 from its open of 14 141.
Things to watch today:
South Africa Core Consumer Price Index (CPI), UK PMI and EU PMI are set to come out today.