Herewith the latest market information:
Prime : 9.75%
Gold (US$ per ounce) : 1 606.09 (+6.88)
Brent Crude (US$ per barrel) : 53.29 (+2.46)
Dow Jones : 25 917.00 (-2.92%)
JSE Alsi : 52 957.00 (+2.16%)
ZAR/US$ : 15.37 (+0.27)
ZAR / Euro : 17.14 (+0.27)
ZAR / GBP : 19.70 (+0.29)
Market moving events: After a very rough period last week, our market staged a comeback rising by 1.60% on Monday and a further 2.16% yesterday. Global central banks have recognised the potential economic fallout of the spread of the Coronavirus and have began stimulatory measures. The US Federal Reserve cut inteset rates by 0.5% last night (the largest cut since the global financial crisis).
Positive Pointer: The woman Proteas face off against Australia in the second semi-final at the SCC tomorrow in the ICC T20 World Cup.
Have a great Wednesday.
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