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Rand exchange rates and global markets

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The rand is currently trading at R18.88 to the dollar, R23.87 to the pound, and R20.34 to the euro.

In Asia, most markets are closed due to a public holiday, with the exception of India’s markets, which are trading approximately half a percent up. Japan’s Nikkei closed three percent higher.

On the Johannesburg Stock Exchange (JSE), early trade shows a firmer market. The All Share index has increased by 0.1 percent to 73,800, the Industrial 25 index remains flat, Financials are up by 0.3 percent, the Top 10 Resources index has added 0.2 percent, and the precious metals and mining index has gained 0.8 percent.

In the capital market, the yield on the R186 government bond is 8.82 percent, and the yield on the R2030 is at 9.98 percent.

European markets are expected to open flat, while gold is trading at 2,023 USD and platinum at 891 USD per ounce. The price of Brent crude oil is at 82.25 USD a barrel.

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