{"id":116142,"date":"2016-03-10T08:46:25","date_gmt":"2016-03-10T06:46:25","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=116142"},"modified":"2016-03-10T08:46:25","modified_gmt":"2016-03-10T06:46:25","slug":"5-things-you-need-to-know-before-trading-opens-today-9","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/116142\/5-things-you-need-to-know-before-trading-opens-today-9\/","title":{"rendered":"5 things you need to know before trading opens today"},"content":{"rendered":"<p>Here is what&#8217;s happening in the markets:<\/p>\n<ul>\n<li><strong><a href=\"http:\/\/www.bdlive.co.za\/economy\/2016\/03\/10\/rating-cut-looms-as-moodys-flags-risks\" target=\"_blank\">Ratings agency Moody&#8217;s has put South Africa&#8217;s Baa2 rating under review &#8211; the group will be in the country to assess the situation, and make a decision by the end of March<\/a>.<\/strong> If the group cuts South Africa&#8217;s rating to Baa3, all three ratings agencies will have the country lingering above junk status.<\/li>\n<\/ul>\n<ul>\n<li>While Finance Minister <strong><a href=\"http:\/\/www.iol.co.za\/business\/news\/gordhan-charms-but-investors-are-wary-1995810\" target=\"_blank\">Pravin Gordhan has received positive response on his roadshow to boost investor confidence in South Africa, investors still remain wary<\/a>.<\/strong> Investors are confident in the minister, but remain skeptical amid South Africa&#8217;s mounting economic woes.<\/li>\n<\/ul>\n<ul>\n<li>South Africa&#8217;s rand climbed nearly 2% against the dollar on Wednesday as U.S. wholesale data pointed to restrained growth in the world&#8217;s biggest economy boosting appetite for emerging market currencies. Stocks slipped, however. <strong><a href=\"http:\/\/www.xe.com\/currencycharts\/?from=USD&amp;to=ZAR\" target=\"_blank\">On Thursday, the rand was trading at R15.22 to the dollar, R21.62 to the pound and R16.71 to the euro<\/a><\/strong>.<\/li>\n<\/ul>\n<ul>\n<li>In global markets, Asian stocks edged up on Thursday, encouraged by a rally in crude oil prices and expectations that the European Central Bank will ease policy later in the day, emulating policymakers elsewhere seeking to bolster their struggling economies.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/af.reuters.com\/article\/southAfricaNews\/idAFL5N16I0AT\" target=\"_blank\">Oil prices dipped early on Thursday after U.S. crude hit 2016 highs the day before and Brent shot back over $40 per barrel<\/a><\/strong>, with analysts warning that larger gains would be unwarranted as a global glut continues to outweigh strong demand. In South Africa energy, Eskom said it will increase its capital expenditure by 44% to R324 billion rand ($21 billion) over the next five years to build new power stations.<\/li>\n<\/ul>\n<p><strong>In other news<\/strong>: Former president Thabo Mbeki has met a fresh wave of criticism for defending his stance on HIV\/AIDS &#8211; where he is often quoted as saying &#8220;HIV does not cause AIDS&#8221;. Now <strong><a href=\"http:\/\/www.news24.com\/SouthAfrica\/News\/mbeki-was-right-about-hiv-and-aids-researchers-20160310\" target=\"_blank\">two HIV\/AIDS researchers have added their support to his views, saying the country was sold a story by America<\/a><\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s what is happening in and affecting South Africa&#8217;s market today (10 March 2016)<\/p>\n","protected":false},"author":10,"featured_media":110385,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,11121],"tags":[26,175],"class_list":["post-116142","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\/116142","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=116142"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/116142\/revisions"}],"predecessor-version":[{"id":116144,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/116142\/revisions\/116144"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/110385"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=116142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=116142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=116142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}