{"id":123071,"date":"2016-05-10T08:29:57","date_gmt":"2016-05-10T06:29:57","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=123071"},"modified":"2016-05-10T08:29:57","modified_gmt":"2016-05-10T06:29:57","slug":"5-things-you-need-to-know-before-trading-opens-today-30","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/123071\/5-things-you-need-to-know-before-trading-opens-today-30\/","title":{"rendered":"5 things you need to know before trading opens today"},"content":{"rendered":"<p>Here&#8217;s what is happening in the markets:<\/p>\n<ul>\n<li><strong><a href=\"http:\/\/www.iol.co.za\/business\/news\/we-remain-optimistic-on-economy---zuma-2019601\">President Jacob Zuma says that government is optimistic about South Africa&#8217;s economic situation, despite the latest jobs data showing a new low with 355,000 jobs lost in Q1 2016<\/a><\/strong>, and continued strain in the global commodities market. Zuma used the announcement that\u00a0ratings agency Moody&#8217;s would not downgrade the country at this time as a sign that government was doing a good job keeping the country afloat.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.enca.com\/south-africa\/whiteness-ideology-is-irrational-oxford-scholar-in-racism-row\">Oxford scholar Ntokozo Qwabe, who was accused of bullying a white waitress and reducing her to tears, has lashed out at media reports, saying they got the story completely wrong<\/a><\/strong> by placing him at the centre of the controversy when a transgendered black activist was the one who wrote the message saying &#8220;we&#8217;ll give you a tip when you return the land&#8221;. The incident led to R150,000 being raised for the waitress &#8211; an amount Qwabe calls &#8220;hysterical&#8221;.<\/li>\n<\/ul>\n<ul>\n<li>South Africa&#8217;s rand and stocks retreated on Monday after a global commodity selloff and a firmer dollar put emerging assets under pressure, with the currency slumping to its weakest level in a month. <strong><a href=\"http:\/\/www.xe.com\/currencycharts\/?from=USD&amp;to=ZAR\">On Tuesday the rand was trading at R15.21 to the dollar, R21.91 to the pound and R17.32 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\/idAFL5N1870VY?sp=true\">Asian stocks slipped to two-month lows on Monday as weak oil prices weighed on sentiment while the dollar got a lift against its peers <\/a><\/strong>as the differences in policy directions between the world&#8217;s top central banks became starker.\u00a0Wall Street ended mixed on Monday after a rally in Allergan Plc and other healthcare companies offset a decline in energy shares.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.reuters.com\/article\/global-oil-idUSL3N18705Y\">Oil prices were steady on Tuesday as brimming inventories\u00a0and a looming refined products glut offset supply\u00a0disruptions in Canada<\/a><\/strong> and elsewhere that have taken more\u00a0than 2 million barrels a day of production out of the\u00a0market. US\u00a0crude futures were trading at $43.09 per barrel, down 35 cents, while\u00a0Brent crude was down 26 cents at $43.37 a barrel.<\/li>\n<\/ul>\n<p><strong>In other news:<\/strong> <strong><a href=\"http:\/\/www.bdlive.co.za\/business\/transport\/2016\/05\/10\/sanral-claims-r760m-from-colluding-firms\">Roads agency Sanral is seeking to recoup as much as R760 million from construction companies which were found guilty of collusion<\/a><\/strong>. However, opposition group, Outa, says the agency still has to account for more than<strong><a href=\"http:\/\/www.timeslive.co.za\/local\/2016\/05\/10\/SANRAL-must-account-for-R10-billion-overpriced-construction-costs-for-GFIP\"> R10 billion its findings say was over-spent on e-tolling<\/a><\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s what is happening in and affecting the South African markets today (10 May 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],"class_list":["post-123071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-finance","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/123071","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=123071"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/123071\/revisions"}],"predecessor-version":[{"id":123073,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/123071\/revisions\/123073"}],"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=123071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=123071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=123071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}