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TK — Thu, 09 Jul 2009 16:52:58 +0000

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Rand still firm, eyes R7,65 for more gains

Business Day: Markets — Mon, 14 Jul 2008 11:39:33 +0000

THE RAND remained firm in early trade today, but needs to break below the R7,65 level for the momentum to continue.

Asia stocks rally, bonds down on Fannie, Fred

Business Day: Markets — Mon, 14 Jul 2008 11:39:33 +0000

HONG KONG — Asian stocks rose and government bond prices fell today after a report that the US government is considering taking over the two top US mortgage finance companies, which have been under fire on fears they may not be able to get the capital they need to survive.

JSE lower on resources, industrials

Business Day: Markets — Mon, 14 Jul 2008 11:39:33 +0000

THE JSE ended more than 1% weaker yesterday, led lower by resources and industrials. However, traders said that firmer gold and platinum prices had helped cushion the market to a certain extent.

Rand Report

Business Day: Markets — Mon, 14 Jul 2008 11:39:33 +0000

THE rand remained on the front foot in late trade yesterday but was off the day’s best levels as rumours of MTN corporate activity, which provided a fillip for the local currency earlier in the session, began to lose impetus, with traders saying the substance and ramifications of talks remained unknown.

Bond Report

Business Day: Markets — Mon, 14 Jul 2008 11:39:33 +0000

BONDS were mixed in late trade yesterday , with the middle and longer-term bonds weaker, but the shorter R153s little changed.

Commodity Report

Business Day: Markets — Mon, 14 Jul 2008 11:39:33 +0000

GOLD rallied nearly 2% yesterday , boosted by firmer oil prices and talk of a producer buying back material it had previously sold forward.

International Markets

Business Day: Markets — Mon, 14 Jul 2008 11:39:33 +0000

US STOCKS rose, helping the S&P’s 500 index rebound from a two-year low, after Dow Chemical agreed to buy Rohm & Haas and a rally in aluminium sent Alcoa to the biggest gain in a month.

Bonds a little softer on rand

Business Day: Markets — Mon, 14 Jul 2008 11:39:32 +0000

BONDS were a little weaker in early trade today on the back of the slightly softer rand.

Gold slips but near 3-month high, platinum gains

Business Day: Markets — Mon, 14 Jul 2008 11:39:32 +0000

SINGAPORE — Gold dipped today, having rallied to its highest level in almost three months the previous day, but a weaker US dollar and strong oil prices could offer an excuse to investors to buy again.