RAND FALLS, STOCKS OPEN LOWER

JOHANNESBURG- The rand weakened against the dollar in early trade on Monday as investor appetite for riskier assets decreased, with market focus this week will be on economic growth numbers for the final quarter of last year, expected to be released on Tuesday.

The rand was trading at 06:45 GMT R12.0100 per dollar, 0.63% weaker than its New York close on Friday.

The Rand experienced further loses late on Friday as investors dropped riskier assets for safer investments on the back of the threat of a global trade war sparked by US President Donald Trump’s tariff plan on steel.

Statistics South Africa (SSA) is set to release release fourth-quarter 2017 GDP data on Tuesday.

The market fixed income, the yield for the benchmark government bond which is due in 2026 rose 2.5 basis points to 8.225%, reflecting weaker bond prices.

Photo Credit- Business LIVE

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