SOUTH AFRICAN MARKETS South African stocks fell on Wednesday after U.S. data showed a decline in job openings, while the rand weakened against the dollar.
On the Johannesburg Stock Exchange, the blue-chip Top-40 closed 1.07% down while the broader all-share index ended the day 1.04% lower. GLOBAL MARKETS Asian stocks and U.S. equity futures sank on Thursday while bonds and the safe-haven U.S. dollar and Japanese yen were bid as mounting evidence of a U.S. slowdown fuelled worries about a possible global recession. Crude oil also weakened. WALL STREET The S&P 500 dipped and the Nasdaq ended sharply lower on Wednesday after a growing wave of weak economic data deepened worries that the Federal Reserve's rapid interest rate hikes might tip the U.S. economy into a recession. GOLD Gold prices slipped from one-year highs on Thursday as the dollar regained some ground, while investors awaited the U.S. non-farm payrolls report to gauge the Federal Reserve's monetary policy strategy. EMERGING MARKETS For the top emerging markets news, double click on - - - -
Some of the main stories out in the South African press:
BUSINESS DAY - U-turn on Eskom exemption is just temporary, Godongwana says - Northam Platinum pulls the plug on pursuit of RBPlat (Compiled by Bhargav Acharya)
