Maseru Securities Market

Market Status: Closed

Global Market Review

 

UNITED STATES

U.S. stocks surged on Wednesday with major indices pushing forward in a broad rally, thanks to Fed anecdotal account of business account that revealed the US domestic economy has rapidly expanded before noting that the uprising costs of raw materials and diminishing numbers of skilled workers could restrict the expansion. Apart from this narrative, the investors watched Fed Chairman statements, Jerome Powell who continued to iterate that the US economy could still see further Fed rate hikes in the foreseeable future as he sees few signs of possible economic recession in the horizon.    

PERFORMANCE OF U.S MAJOR INDICES

 

Dow Jones

25,199.29

 

0.30%

S&P 500

2,815.62

 

0.20%

NASDAQ

7,854.44

 

0.47%

 

EUROPE

Taking cue from U.S stocks, European stocks also rose at opening of Thursday trading sessions Boosted by a slide in the EURO and Sterling against the the US Dollar after Fed Chairman stuck to his upbeat tone of U.S economy and indicated that rates will continue to go up every three months from now.

PERFORMANCE OF MAJOR EURO INDICES

 

Pan EURO Stoxx

387.06

 

0.50%

CAC 40

5,447.44

 

0.50%

DAX 30

12,765.94

 

0.80%

FTSE 100

7,676.28

 

0.70%

 

 

ASIA

Stocks in Asia were mixed on Wednesday as the region failed to hold on to broad early gains across its markets, Japan’s Nikkei was among the advancers as it continued to rally on a boost from a weak yen which was expected to boost Japans exports. .

PERFORMANCE OF MAJOR ASIAN INDICES

Hang Seng

28,366.65

 

-0.40%

ASX 200

6,201.90

 

0. 60%

Kospi

2,297.65

 

0.3%

Nikkei

22,697.36

 

0.40%

 

SOUTH AFRICA

The JSE closed slightly higher on Wednesday following a relatively muted trading session the previous day. The market struggled to find its direction as it swung marginally between gains and losses as Statistics SA released inflation numbers for the month of June. Consumer Price Index (CPI) year-on-year climbed up to 4.6% from a prior recording 4.4%, while CPI month-on-month increased to 0.4% from a prior recorded level of 0.2.

South Africa

 

 

 

 

All-Share

4,223.38

 

 

0.22%

 

 

 

 

Market News

Global Market Review
20 July 2018 1100hrs
CBL 71st MPC Meeting Statement
30 May 2018 1500hrs
Notices