{"id":120975,"date":"2016-04-20T08:16:19","date_gmt":"2016-04-20T06:16:19","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=120975"},"modified":"2016-04-20T08:16:19","modified_gmt":"2016-04-20T06:16:19","slug":"5-things-you-need-to-know-before-trading-starts-today-8","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/120975\/5-things-you-need-to-know-before-trading-starts-today-8\/","title":{"rendered":"5 things you need to know before trading starts today"},"content":{"rendered":"<p>Here&#8217;s what is happening in the markets:<\/p>\n<ul>\n<li><strong><a href=\"http:\/\/www.news24.com\/SouthAfrica\/News\/zwane-heckled-over-guptas-in-budget-speech-20160419\">Mineral Resources Minister Mosebenzi Zwane was dogged by heckles of \u201cWhere are the Guptas\u201d during his budget vote speech in Parliament on Tuesday<\/a><\/strong>.\u00a0Zwane has been accused of being too close to the controversial family, after he\u00a0joined them on a trip to Switzerland during negotiations to buy Glencore\u2019s Optimum colliery. He is head of a\u00a0portfolio that manages South Africa&#8217;s estimated R50 trillion in mineral wealth.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.iol.co.za\/business\/markets\/currencies\/rands-trajectory-looking-stronger-2011864\">Emerging markets are back in favour among investors, and that is good news for the rand<\/a><\/strong>. On Tuesday the currency strengthened to levels before the dreaded &#8220;9\/12&#8221;, where president Jacob Zuma fired the country&#8217;s finance minister, sending the economy into a tailspin, wiping as much as R500 billion in the process.\u00a0According to economists, the rand has been &#8220;severely undervalued&#8221; over the past few months, and is now returning to normal levels.<\/li>\n<\/ul>\n<ul>\n<li>South Africa&#8217;s rand rose to its firmest in four months and stocks gained on Tuesday as increased risk appetite lifted emerging markets. On Wednesday, <strong><a href=\"http:\/\/www.xe.com\/currencycharts\/?from=USD&amp;to=ZAR\">the currency was trading at R14.36 to the dollar, R20.61 to the pound and R16.31 to the euro<\/a><\/strong>.<\/li>\n<\/ul>\n<ul>\n<li>In global news,\u00a0<strong><a href=\"http:\/\/af.reuters.com\/article\/southAfricaNews\/idAFL5N17N0J5?sp=true\">All the air was sucked out of Asian shares on Wednesday as oil prices took a fresh spill on news Kuwaiti oil workers ended a three-day strike<\/a><\/strong>, leaving markets suddenly directionless.\u00a0The S&amp;P 500 climbed closer to a record high on Tuesday, lifted by energy stocks and a solid quarterly report from Johnson &amp; Johnson.<\/li>\n<\/ul>\n<ul>\n<li>Crude futures fell on Wednesday after Kuwaiti oil workers\u00a0ended a three-day strike that had cut production from the\u00a0Middle Eastern country, and data showed U.S. stockpiles rose\u00a0last week. A<strong><a href=\"http:\/\/www.sharenet.co.za\/news\/Aftershocks_bring_misery_for_Japan_quake_survivors_death_toll_to_47\/2c82b66159bbee5e7cc379d30b2ac0c5\">ftershocks have rattled survivors of deadly Japanese earthquakes, nearly a week after the first one struck. So far 47 lives have been lost due to the disaster<\/a><\/strong>, with more expected to follow due to follow-on illnesses.<\/li>\n<\/ul>\n<p><strong>In other news<\/strong>: <strong><a href=\"http:\/\/www.timeslive.co.za\/thetimes\/2016\/04\/20\/ANC-to-get-lions-share-of-R133.7m\">The Independent Electoral Commission (IEC) has revealed how much each political party will be getting to contend this year&#8217;s Municipal Elections<\/a><\/strong>, with the ANC taking the lion&#8217;s share of the budget, gaining R79.4 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s what is happening in and affecting South Africa&#8217;s markets today (20 April 2016)<\/p>\n","protected":false},"author":10,"featured_media":110603,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,11121],"tags":[26,175],"class_list":["post-120975","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\/120975","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=120975"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/120975\/revisions"}],"predecessor-version":[{"id":120983,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/120975\/revisions\/120983"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/110603"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=120975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=120975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=120975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}