{"id":115820,"date":"2016-03-08T08:33:57","date_gmt":"2016-03-08T06:33:57","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=115820"},"modified":"2016-03-08T08:33:57","modified_gmt":"2016-03-08T06:33:57","slug":"5-things-you-need-to-know-before-trading-starts-today-2","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/115820\/5-things-you-need-to-know-before-trading-starts-today-2\/","title":{"rendered":"5 things you need to know before trading starts today"},"content":{"rendered":"<p>Here is what&#8217;s happening in the markets:<\/p>\n<ul>\n<li>Despite being fired from his job as finance minister three months ago &#8211;\u00a0ostensibly so that he could take up a position as head of the Africa region of the New Development Bank (NDB)\u00a0&#8211;\u00a0<strong><a href=\"http:\/\/www.bdlive.co.za\/economy\/2016\/03\/08\/nene-still-out-in-the-cold-as-bank-starts-up\" target=\"_blank\">Nhlanhla Nene is\u00a0yet to receive a formal letter of appointment<\/a><\/strong>.\u00a0Treasury announced on Monday that the bank was opening up its offices in Johannesburg.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.iol.co.za\/business\/markets\/commodities\/sa-gold-firms-buoyed-by-weak-rand-1994675\" target=\"_blank\">Gold companies have been given a boost by the weakening rand, which has sparked a buying spree and a re-rating of South African gold mining shares<\/a><\/strong>. Shares have doubled in value in 2016, reaching as high as R20,000 an ounce.\u00a0However, the boon comes with a warning from economists that fortunes may be temporary, and gains could be cut back down to size.<\/li>\n<\/ul>\n<ul>\n<li>South African stocks firmed for a fifth session on Monday as Old Mutual jumped on reports that it was mulling a split of its assets, while resources and the rand rallied on assurances from China that its economy would not lose steam. <strong><a href=\"http:\/\/www.xe.com\/currencycharts\/?from=USD&amp;to=ZAR\" target=\"_blank\">On Tuesday the rand was trading at R15.34 to the dollar, R21.85 to the pound and R16.90 to the euro<\/a><\/strong>.<\/li>\n<\/ul>\n<ul>\n<li>In global news, Asian shares fell on Tuesday as investors took profits after a month-long rally and investors grew wary of the market&#8217;s near-term prospects ahead of major central bank meetings. <strong><a href=\"http:\/\/abc7news.com\/business\/stock-market-posts-meager-gains-led-by-energy-companies\/152263\/\" target=\"_blank\">US stocks closed\u00a0mostly higher on Wall Street as another jump in the price of crude oil brought energy companies back in favor<\/a><\/strong>.<\/li>\n<\/ul>\n<ul>\n<li>Oil prices fell on Tuesday on weak Chinese trading data, but <strong><a href=\"http:\/\/www.reuters.com\/article\/us-global-oil-idUSKCN0WA06Y\" target=\"_blank\">Brent remained over $40 a barrel after jumping to 2016 highs<\/a> <\/strong>the previous day as producers announced talks to support the market and investors opened new bullish bets. Brent was going at $40.32 a barrel, while US crude was down to $37.48.<\/li>\n<\/ul>\n<p><strong>In other news:<\/strong>\u00a0Political analyst Somadoda Fikeni has warned that <strong><a href=\"http:\/\/www.biznews.com\/undictated\/2016\/03\/08\/anc-warned-put-land-reform-on-top-of-agenda-or-face-consequences-from-voters\/\" target=\"_blank\">if the ANC\u00a0does not\u00a0implement land reform policies quickly,\u00a0they will be overtaken by opposition parties<\/a><\/strong>\u00a0&#8211; and land reform will happen in a &#8220;self-automated process&#8221; &#8211; referring to land-grabs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here is what&#8217;s happening in and affecting the South African market today (8 March 2016)<\/p>\n","protected":false},"author":10,"featured_media":110953,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,11121],"tags":[26,175],"class_list":["post-115820","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-finance","tag-headline","tag-jse"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/115820","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=115820"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/115820\/revisions"}],"predecessor-version":[{"id":115822,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/115820\/revisions\/115822"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/110953"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=115820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=115820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=115820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}