{"id":123579,"date":"2016-05-13T08:23:15","date_gmt":"2016-05-13T06:23:15","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=123579"},"modified":"2016-05-13T08:23:15","modified_gmt":"2016-05-13T06:23:15","slug":"5-things-you-need-to-know-before-trading-starts-today-16","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/123579\/5-things-you-need-to-know-before-trading-starts-today-16\/","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.iol.co.za\/business\/news\/recession-fears-resurface-after-mining-data-2021157\">Recession fears have sparked once again as data from South Africa&#8217;s mining sector spells out bad news for the economy<\/a><\/strong>. Data out from Stats SA showed that the country&#8217;s manufacturing sector declined by 2% in the last quarter, while mining plunged by 18% &#8211; the worst drop on record &#8211; reflecting the continued global slowdown in commodities.<\/li>\n<\/ul>\n<ul>\n<li>Government has downplayed news that South Africa has slipped to being the third biggest economy on the African continent, saying that <strong><a href=\"http:\/\/www.iol.co.za\/business\/news\/egypts-growth-is-good-news-for-sa-2021167\">Egypt&#8217;s rise to second place represents opportunities for South Africa<\/a><\/strong>. Trade minister Rob Davies said that with much bigger populations, it is no surprise that Nigeria and Egypt would have bigger economies than South Africa.<\/li>\n<\/ul>\n<ul>\n<li>South Africa&#8217;s rand weakened against the dollar on Thursday and stocks fell as domestic growth concerns rattled sentiment towards the continent&#8217;s most industrialised economy. <strong><a href=\"http:\/\/www.xe.com\/currencycharts\/?from=USD&amp;to=ZAR\">On Friday the rand was trading at R15.08 to the dollar, R21.75 to the pound and R17.13 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\/idAFL5N18A0TN?sp=true\">Asian shares fell on Friday after a rocky performance on Wall Street, while the yen nursed losses as traders wagered<\/a><\/strong> the Bank of Japan will add to its massive stimulus before too long.US\u00a0stocks ended mixed on Thursday, with gains in telecommunications and consumer staples helping make up for a tumble in Apple to a two-year low.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.reuters.com\/article\/global-oil-idUSL3N18919E\">Oil prices dipped in early trading on Friday\u00a0as a stronger dollar weighed and Russia warned that a global\u00a0crude supply overhang could last into next year<\/a><\/strong>.\u00a0Brent crude futures were trading at $47.13 per barrel, down 47 cents, while\u00a0US\u00a0crude futures were down 38 cents at $45.85.<\/li>\n<\/ul>\n<p><strong>In other news: <a href=\"http:\/\/ewn.co.za\/2016\/05\/13\/Makhura-warns-Joburg-residents-to-stop-vandalising-property\">Gauteng Premier David Makhura has reportedly warned Johannesburg residents that that if they burn down buildings, they will not get new ones<\/a><\/strong>. This follows violent demonstrations in Vanderbijlpark and Limpopo, where schools and clinics were burnt to the ground.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s what is happening in and affecting South Africa&#8217;s markets today (13 May 2016).<\/p>\n","protected":false},"author":10,"featured_media":6423,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,11121],"tags":[26],"class_list":["post-123579","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\/123579","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=123579"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/123579\/revisions"}],"predecessor-version":[{"id":123585,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/123579\/revisions\/123585"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/6423"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=123579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=123579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=123579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}