South African stocks were down on Tuesday with mining companies taking the most points off the index after heavy weight BHP Billiton announced plans to spin off businesses worth an estimated $16 billion but baulked at a share buyback.
06h01 Gold was stuck firmly below
$1,300 an ounce on Wednesday after a three-day losing streak, as
strong U.S. housing data bolstered stock markets and dimmed
bullion's appeal as a safe haven.
While keeping an eye on mounting geopolitical tensions,
investors were also awaiting minutes of the Federal
04h42 Australian stocks
slipped on Wednesday as investors dumped shares of BHP Billiton
after the global miner missed earnings expectations, though an
upbeat finish on Wall Street helped temper losses as investors
digested a raft of earnings.
06h20 The New Zealand dollar
tumbled to a five-month low on Wednesday as a key support level
gave way in the face of a broadly stronger greenback, further
softness in dairy prices and investor preference for the
neighbouring Aussie dollar.
As headlines about an apparent
escalation of the conflict in eastern Ukraine hit traders'
screens, selling was the word on Wall Street. Once again,
though, for many it looked like nothing but another buying
opportunity in U.S. stocks.
06h32 Hamas militants in the Gaza Strip fired rockets at Israel for a second day on Wednesday after fighting resumed with the collapse of truce talks and an Israeli air strike that killed three people in Gaza.
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