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News : Fin24 Markets
- Bonds give up brief gains, rand steady
Bonds surrendered brief budget-inspired gains after the market digested the deficit forecasts unveiled by Finance Minister Pravin Gordhan.
- JSE edges down, Implats falls
South African stocks edged down half a percent, as shares of Impala Platinum fell after the miner said its April deliveries would be cut in half by a strike at its main mine.
- Rand steady, euro stuck in ranges
The rand was steady against the dollar in noon trade as it tracked a euro that was stuck in ranges as investors mulled the implications of the second Greek bailout.
- Bonds smidgen softer ahead of budget
Bonds were marginally weaker in midday trade as traders marked time ahead of this afternoon's budget speech by Finance Minister Pravin Gordhan.
- Euro struggles as Greek reality bites
Asian shares eked out modest gains, but the euro struggled for fresh upward momentum over doubts about the long-term feasibility of the Greek bailout.
- Greek bailout lifts markets, JSE
The JSE has opened higher as news of a bailout package for Greece continued to lift market sentiment.
- Bonds weaker, rand steady
Bonds weakened and the rand was steady with dealers on the sidelines, waiting for Finance Minister Pravin Gordhan?s budget speech later.
- JSE gains on Greek deal
South African stocks edged up 0.15%, with some gold firms and banks ticking higher after the long-awaited Greek bailout deal soothed concerns about a default.
- Greek deal relief tempered by hurdles ahead
The euro turned lower after an initial jump and global stock markets eased after a long-awaited agreement on a second bailout for Greece.
- JSE flat at noon, lacks direction
The JSE remained flat at noon in line with global equity markets, following muted investor response to the Greek bailout package.
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