BR100 Decreased By (-0.94%)
BR30 Decreased By (-1.04%)
KSE100 Decreased By (-0.73%)
KSE30 Decreased By (-0.85%)
AGHA 7.67 Decreased By ▼ -0.14 (-1.79%)
BECO 5.14 Decreased By ▼ -0.07 (-1.34%)
BML 57.49 Decreased By ▼ -0.01 (-0.02%)
BOP 33.91 Decreased By ▼ -0.12 (-0.35%)
CNERGY 9.95 Decreased By ▼ -0.01 (-0.1%)
CSIL 5.25 Decreased By ▼ -0.06 (-1.13%)
FCCL 53.13 Decreased By ▼ -1.57 (-2.87%)
FFL 16.60 Decreased By ▼ -0.09 (-0.54%)
FNEL 1.22 Decreased By ▼ -0.01 (-0.81%)
KEL 7.28 Decreased By ▼ -0.12 (-1.62%)
KOSM 5.86 Increased By ▲ 0.09 (1.56%)
LOTCHEM 29.10 Decreased By ▼ -0.22 (-0.75%)
MLCF 92.30 Decreased By ▼ -2.06 (-2.18%)
NBP 201.04 Decreased By ▼ -2.01 (-0.99%)
NCPL 56.70 Decreased By ▼ -0.30 (-0.53%)
NPL 66.89 Decreased By ▼ -0.81 (-1.2%)
OGDC 314.03 Decreased By ▼ -1.81 (-0.57%)
PACE 10.53 Decreased By ▼ -0.11 (-1.03%)
PAEL 42.13 Decreased By ▼ -1.07 (-2.48%)
PIBTL 16.47 Decreased By ▼ -0.27 (-1.61%)
PPL 217.50 Decreased By ▼ -2.28 (-1.04%)
PRL 50.75 Increased By ▲ 1.56 (3.17%)
PTC 69.76 Decreased By ▼ -0.77 (-1.09%)
SSGC 27.00 Decreased By ▼ -1.25 (-4.42%)
TBL 9.77 Decreased By ▼ -0.09 (-0.91%)
TELE 8.69 Decreased By ▼ -0.10 (-1.14%)
TPL 18.21 Decreased By ▼ -0.03 (-0.16%)
TPLP 13.45 Increased By ▲ 0.18 (1.36%)
TREET 22.54 Decreased By ▼ -0.18 (-0.79%)
TRG 59.71 Decreased By ▼ -0.43 (-0.71%)
Markets

South Africa's rand little changed, eyes on retail sales data

Published Updated

JOHANNESBURG: South Africa's rand was little changed against the dollar in early trade on Wednesday amid uncertainty over Brexit and as market participants awaited the release of local retail sales data for clues on the health of the domestic economy.

* At 0643 GMT, the rand traded at 13.7250 per dollar, not far off its New York close of 13.7425 on Tuesday.

* "In terms of the day ahead, risk sentiment is likely to sour and weigh on EM currencies and equity stocks, as market participants digest the uncertainty around Brexit," RMB analyst Mpho Tsebe said in a note. "In terms of data, we look to November's retail sales data for a clearer picture on how the economy fared in the fourth quarter."

* British lawmakers defeated Prime Minister Theresa May's Brexit divorce deal by a crushing margin, the worst parliamentary defeat for a government in recent British history.

* Statistics South Africa will publish November retail sales data at 1100 GMT.

* The rand fell on Tuesday after worse-than-expected mining data pointed to lingering weakness in Africa's most industrialised economy.

* In fixed income, the yield on the benchmark government bond due in 2026 dipped 2 basis points to 8.785 percent in early trade.

Copyright Reuters, 2019

Comments

Comments are closed for this article.