Contrasting news and economic data across the globe continued to impose a volatile movement in share prices on world markets last week.
Share markets recorded a sell-off last week as more second wave Covid-19 cases were reported.
Last week was characterised by the drama around global oil prices and worries that the Covid-19 infection rate would flare up again.
Financial markets continued to improve, due to reopening plans in the US indicated guidelines on restarting the economy.
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For most of last month, geopolitical uncertainties across the world took their toll on emerging markets and South Africa was not spared.
Domestic and global geo-political events of the last two weeks were just too much for the Rand exchange rate to handle.
Despite favourable economic data suggesting that the economy is stabilising geopolitical cracks had a negative effect on the SA economic wall.
While many South Africans were engrossed in the land reform issues, financial markets seemed to have largely been unaffected by the debate.
The rand continued to weaken severely last week and ended Friday on even worse levels than the previous week.
The rand suffered big losses last week and on Friday slid to its worst level this year against the dollar.
Domestic and global geopolitical factors once again overshadowed good economic indicators last week and led to volatile financial markets.
The sharp increase in the fuel price will continue to have severe negative effects on the economy and the man in the street.
The rand fell for five consecutive days last week as weak economic data and US President Donald Trump?s tariff move on China had devastating effects.
Global geopolitical factors continued to bring about uncertainty, volatility and big sell-offs on the South African markets.
Sound economic fundamentals globally and domestically continue to recover during the first part of last week, writes Dr Chris Harmse.
Increased geopolitical tensions between the US and Russia and the Washington-Beijing trade war increased volatility on global financial markets.
The domestic share market last week suffered one of its biggest weekly losses over the last two years, writes Dr Chris Harmse.
Domestic financial markets started tracking the rest of the globe last week and recovered steadily.
Dr Chris Harmse, chief economist at Rebalance Fund Managers writes about how SA have remained nervous, volatile and even weaker in financial markets.
In a week where good news on the economic growth rate of SA should have been positive, the Steinhoff saga spoiled everything.
The drop in the Naspers? share price and a stronger rand impacted on the all share index on the JSE as it lost its momentum of the last two weeks.
SA financial markets moved into positive territory last week after three days of uncertainty due to the junk downgrading sword over the country?s head
Domestic financial markets remain under pressure due to geopolitical influences.