{"id":123673,"date":"2016-05-16T08:20:35","date_gmt":"2016-05-16T06:20:35","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=123673"},"modified":"2016-05-16T08:20:35","modified_gmt":"2016-05-16T06:20:35","slug":"5-things-you-need-to-know-before-trading-opens-today-31","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/123673\/5-things-you-need-to-know-before-trading-opens-today-31\/","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\/news\/politics\/presidency-slams-gordhan-arrest-rumours-2021800\">All sectors are chiming in on media reports over the weekend that Finance Minister Pravin Gordhan was facing &#8220;imminent arrest&#8221;<\/a><\/strong>. Opposition party, the DA said that such a move would be worse than 9\/12 &#8211; when former finmin Nhlanhla Nene was sacked, sending the South African economy into a tailspin. Law enforcement agencies have denied that such an action is going to take place.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2016-05-13\/barclays-africa-said-to-attract-abraaj-led-group-for-stake\">Another group has entered the fray to buy Absa bank, with Bloomberg reporting that investment group,\u00a0Abraaj Capital is looking to grab a 35% stake of the company<\/a><\/strong>, valued at $2.3 billion. There is reportedly &#8220;no shortage&#8221; of bidders for a stake in Absa (Barclays Africa), though the main contender is said to be former Barclays CEO Bob Diamond, who is looking for the entire remaining stake of the group.<\/li>\n<\/ul>\n<ul>\n<li>South Africa&#8217;s rand fell nearly 2 percent against the dollar\u00a0on Friday, weighed down by a pessimistic outlook for the\u00a0economy and also reflecting the greenback&#8217;s broad-based gains\u00a0as investors bet on higher US interest rates this year. <strong><a href=\"http:\/\/www.xe.com\/currencycharts\/?from=USD&amp;to=ZAR\">On Monday the rand was trading at R15.52 to the dollar, R22.26 to the pound and R17.55 to the euro<\/a><\/strong>.<\/li>\n<\/ul>\n<ul>\n<li>In global news,\u00a0buoyant Japanese stocks led Asia<strong><a href=\"http:\/\/af.reuters.com\/article\/southAfricaNews\/idAFL5N18D0BW\">n stocks to modest gains on\u00a0Monday<\/a><\/strong>, helping to offset some of the gloom from soft\u00a0Chinese data, while the dollar firmed against the euro and\u00a0yen after receiving a boost from upbeat US indicators.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.reuters.com\/article\/us-global-oil-idUSKCN0Y703M\">Oil prices jumped over 1 percent on Monday after long-time bear\u00a0Goldman Sachs said the market had ended almost two\u00a0years of oversupply <\/a><\/strong>following global oil disruptions and\u00a0flipped to a deficit.\u00a0Brent crude futures were trading at $48.50 per barrel, up 67 cents, while US\u00a0crude futures were up 68 cents at $46.89 a barrel.<\/li>\n<\/ul>\n<p><strong>In other news<\/strong>: <strong><a href=\"http:\/\/www.timeslive.co.za\/politics\/2016\/05\/16\/Gauteng-ANC-accepts-that-Zuma%E2%80%99s-sorry-and-urges-reflection\">The ANC in Gauteng has done an about-turn and has now said it accepts President Jacob Zuma&#8217;s apology for violating the Constitution of the country<\/a><\/strong>. Previously, the province stood out as one of the only groups to openly criticise the president following the matter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s what is happening in and affecting the South African markets today (16 May 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],"class_list":["post-123673","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\/123673","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=123673"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/123673\/revisions"}],"predecessor-version":[{"id":123679,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/123673\/revisions\/123679"}],"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=123673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=123673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=123673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}