Financial News 22nd April 2024

Rand slips in early trade
The rand weakened slightly in early trade on Monday, as markets calmed after a week of volatile trading driven by tensions in the Middle East. Read the full Moneyweb article here>

Equities gain, gold drops as fears of wider Middle East conflict ease
Investors scaled back safe-haven bets on Monday as worries over a wider Middle East conflict eased, boosting world equities and pressuring gold, oil and bond prices. Read the full article here>

Asian stocks rebound on decreased Middle East fears
Asian stocks recovered some losses on Monday and bond yields rose as fears of a wider Middle East conflict ebbed, with investors gravitating back towards riskier assets. Read the full BusinessDay article here>

Petrol price pain coming for South Africa next week
Motorists in South Africa should brace for another petrol price hike at the pumps next week, despite positive moves for global oil prices. Read the full BusinessTech article here>

Oil prices fall, tension eases between Iran and Israel
Oil prices fell on Monday, dragged down by a renewed focus on market fundamentals as Israel and Iran played down the risks of an escalation of hostilities in the Middle East, after Israel’s apparently small strike on Iran. Read the full BusinessDay article here>

Treasury, pension funds working flat-out to honour three-pot deadline
Some challenges and complexities will only be addressed after the 1 September implementation date, says an official. Read the full Moneyweb article here>

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