Markets pause for breath ahead of US jobs data later in the day and renewed uncertainty about China property sector
Screens at the London Stock Exchange in London, the UK. Picture: BLOOMBERG/LUKE MACGREGOR
MSCI’s gauge of stocks across the world fell 0.07%, indicating a possible end to its four-day streak of record closing highs in a week in which central banks around the world refrained from hawkish surprises. The gains came even after the US Federal Reserve on Wednesday finally announced that it would begin tapering its massive asset purchase programme, though Fed chairperson Jerome Powell said he was in no rush to hike borrowing costs.
Trading in shares of Chinese developer Kaisa Group was suspended a day after the company said a subsidiary had missed a payment on a wealth-management product, the latest sign of a deepening liquidity crisis in the Chinese property sector. The dollar index last stood at 94.327, within sight of October’s 12-month highs, after the US currency also gained ground on the euro.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Climate 'reality check': 2021 global CO2 emissions near record levelsGlobal CO2 emissions caused mainly by burning fossil fuels are set to rebound in 2021 to pre-Covid levels, with China's share increasing to nearly a third of the total, according to an assessment published Thursday.
Read more »
Coronavirus: Latest global developmentsThe coronavirus has killed at least 5,012,784 people since the outbreak emerged in China in December 2019, according to a tally from official sources compiled by AFP on Wednesday.
Read more »
Climate 'reality check': 2021 global CO2 emissions near record levels
Read more »
BRIAN KANTOR: Global inflation provides opportunity for SAThe windfall from metal prices could be used to strengthen the economy 🔒
Read more »
ANDREAS KLUTH: As all nations face global warming, sovereignty is no longer tenableAll the world’s people have a legitimate interest in greenhouse gases emitted in any given jurisdiction
Read more »
BRIAN KANTOR: Global inflation provides opportunity for SAThe windfall from metal prices could be used to strengthen the economy 🔒
Read more »