Vi använder cookies för att till exempel erbjuda support via livechatt och visa dig innehåll som vi tror att du är intresserad av. Om du accepterar att markets.com använder cookies klickar du på Godkänn.
CFD:er är komplexa instrument som innebär hög risk att du förlorar pengar snabbt på grund av hävstången. 77,3% av icke-professionella investerares konton förlorar pengar när de handlar med CFD:er hos den här leverantören. Du bör överväga om du förstår hur CFD:er fungerar och om du har råd att ta den höga risken att förlora dina pengar.
South African rand, stocks slip as ANC seen losing majority
South African rand slips, stocks and bonds under pressure as vote count begins
South Africa's rand slipped while the country's stocks and bonds came under pressure on Thursday after projections indicated the governing African National Congress (ANC) was likely to lose its parliamentary majority in this week's election.
As of 12:40 GMT, the South African rand traded at 18.5838 against the dollar, about 0.7% weaker than its previous close. The currency has declined around 2% since the start of the year.
On the Johannesburg Stock Exchange, the blue-chip Top-40 index dropped nearly 2%, compared to a 1.3% decline across broader emerging markets. Both local and international bonds also faced pressure.
The Council for Scientific and Industrial Research projected that the ANC would receive 42% of the national vote, while broadcaster eNCA estimated around 45%.
Välj dina rörelseriktningar
Beräkna ditt hypotetiska P/L (sammanlagda kostnader och avgifter) om du hade gjort en affär i dag.
Marknad
ETF:er
ETF:er
Råvaror:
Aktier
Valuta
Obligationer
Råvara
Index
Instrument
Porsche
Procter & Gamble
Roku Inc
Deere
Quanta Services
UniCredit
Rolls-Royce
Inditex
Deliveroo Holdings
Goldman Sachs
Coca-Cola Co (NYSE)
Infosys
Toro
ChargePoint Holdings Inc
Comcast
Chipotle
Campari
The Cheesecake Factory
Virgin Galactic
LVMH
Eni
Medtronic
ProSiebenSat.1
Qualcomm
BioNTech
SIG
Meta (Formerly Facebook)
Philip Morris
Visa
Schlumberger
SMCI
Plug Power
Nike
ADT
3D Systems
Pinterest Inc
Bristol Myers
Jumia Technologies
Broadcom
Upstart Holdings Inc
Salesforce.com
Amazon.com
Cinemark
Moderna Inc
AMC Entertainment Holdings
Air France-KLM
Glencore plc
Starbucks
Uber
Golar LNG
Pfizer
Palantir Technologies Inc
CrowdStrike Holdings
Mastercard
Blackrock
Vir Biotechnology
Toyota
Kuaishou
MerckCo USA
Cisco Systems
Porsche AG
II-VI
JD.com
Snap
JP Morgan
Lululemon
UPS
AIA
Deutsche Bank
Airbus Group SE
Zoom Video Communications
XPeng Inc
Trade Desk
AbbVie
Sartorius AG
Mondelez
Hammerson
CNOOC
Snowflake
Thermo Fisher
CCB (Asia)
Kraft Heinz
Unilever
China Life
eBay
Linde PLC
GameStop
UnitedHealth
ASOS
SAP
Barclays
Christian Dior
Wish.com Inc
AstraZeneca
FirstRand
SONY
CAT
Applied Materials
BlackBerry
ALIBABA HK
British American Tobacco
AT&T
Siemens
Diageo
Palo Alto Networks
Vipshop
Amgen
Prosus N.V.
ASML
Airbnb Inc
Lithium Americas Corp
JnJ
Wal-Mart Stores
Nasdaq
Exxon Mobil
McDonald's
Shopify
Hermes
Iberdrola
Peloton Interactive Inc.
Apple
Volkswagen
Marriott
Sea
Micron
Conoco Phillips
Morgan Stanley
Ford
Upwork Inc.
Nel ASA
Bank of America
Accenture
Santander
Abbott
Trump Media & Technology Group
Royal Bank Canada
UiPath Inc
Spotify
Fedex
LUCID
Anglo American
Allianz
Dave & Buster's
Shell plc (LSE)
Xiaomi
Adidas
Skillz Inc
HDFC Bank
Cellnex
Freeport McMoRan
Wells Fargo
PepsiCo
Berkshire Hathaway
Lockheed Martin
Coinbase Inc
HSBC
Target
Netflix
Vonovia
PayPal
DISNEY
Invesco Mortgage
Blackstone
Boeing Co
Lumentum Holdings
Canopy Growth
Beyond Meat
Block
Qorvo
Delivery Hero SE
Teladoc
Unity Software
PG&E
Microsoft
Gilead
Li Auto
Chevron
Naspers
BP
MercadoLibre.com
Alibaba
New Oriental
CarMax
Lemonade
Citigroup
Two Harbors Investment aration
Taiwan Semi
Total
Bayer
Marston's
Twilio
Home Depot
Oracle
Gen Digital Inc
Baidu
ZIM Integrated Shipping Services Ltd
T-Mobile
Norwegian Cruise Line
ON Semiconductor
American Express
Macy's
Vodafone
L'Oreal
Tesla
Robinhood
Nio
Lloyds
Aptiv PLC
Novavax
Norwegian Air Shuttle
American Airlines
TUI
Annaly Capital
RTX Corp
NVIDIA
Adobe
General Motors
PETROCHINA
Aurora Cannabis Inc
Barrick Gold
Fuelcell
General Electric
Anheuser-Busch Inbev
Continental
Eli Lilly
F5 Networks
Etsy
Hubspot
easyJet
Telecom Italia
Ceconomy
Rio Tinto
AMD
Cameco
Arista
Tencent
British American Tobacco
DeltaAir
Verizon
Airbus
Lufthansa
Teleperformance
GSX Techedu
Rivian Automotive
Wayfair
IBM
Bilibili Inc
HSBC HK
Occidental
Lyft
IAG
Costco
Tilray
Fresnillo
Intel
ROBLOX Corp
BASF
Workday Inc
GoPro
DoorDash
Electrolux
Alphabet (Google)
Typ av konto
Riktning
Kvantitet
Beloppet måste vara lika med eller högre än
Filen ska vara mindre än
Beloppet måste vara en multipel av den lägsta lotsökningen
Tidigare resultat är inte en tillförlitlig indikator på framtida resultat.
Alla positioner på instrument som är noterade i en annan valuta än din kontovaluta kommer också att omfattas av en omräkningsavgift vid positionsutgången.
ANC projected to lose majority in ongoing South African election
As per a Reuters report last updated on 12:09 GMT, South Africa’s election commission has so far released results from just over 16% of polling stations, showing the ANC at 42.5%, the largest opposition party Democratic Alliance at 25.7%, and the radical leftist Economic Freedom Fighters at 8.5%.
If the final results mirror the early figures, the ANC would need to form a coalition with one or more other parties to govern, potentially leading to unprecedented political volatility in the coming weeks or months.
Early results indicated the ANC was likely to secure a vote share closer to the lower end of projections, "increasing the chances that it will need to rely on one of the larger opposition parties to form the next government”, as per a research note from Jason Tuvey, deputy chief emerging markets economist at Capital Economics. Reuters cited Tuvey as adding that the scenario could introduce "potentially more radical policy outcomes”.
South Africa's government bonds also felt the pressure. Yields on the domestic 10-year benchmark spiked to as high as 10.743% — levels last seen in late April — before pulling back to 10.655%, according to LSEG data.
Among international dollar bonds, longer-dated maturities fell nearly 1 cent in early trading to hit four-week lows before retracing some losses. By 0945 GMT, the 2052 bond traded at 86.852 cents, Tradeweb data showed.
The cost of insuring exposure to the country's debt rose, with five-year credit default swaps climbing by 3 basis points from Wednesday's close to 230 bps, the highest level in a month, according to data from S&P Global Market Intelligence.
USDZAR forecast: ING "doubts" election will sustain move under 18.00, points to China influence
The Dutch bank ING recently published a preview of the South African election, writing that the “ANC could lose its majority [...] if polls are to be believed”.
As for the vote’s effect on the South African rand, EM Sovereign Strategist James Wilson and Global Head of Markets Chris Turner wrote that the effect of the “external environment”, such as U.S. inflation data and trade figures with China, was no less important than the result of the election:
“The rand has been one of the top emerging market currency performers over the last six weeks. That may partially be due to the tick-up in ANC popularity in the polls – reducing the risk of a market-unfriendly coalition. A large part of that rand out-performance, however, will be down to the external environment. Here low FX volatility has favoured the relative high-yielders, like the rand, which offers a 3% real interest rate. Additionally, the rand has been enjoying some strong terms of trade support given the surge in the prices of South Africa's top exports such as gold and platinum.
We suspect a further decline in USD/ZAR will require some more good news from the external environment such as some softer US inflation data. It is not clear to us that USD/ZAR needs to trade substantially below 18.00 should the ANC do well enough in the election to minimise the risk of uncertain coalitions. At the same time, the rand is one of the currencies most highly correlated to the China growth story and to the renminbi. USD/CNY trading above 7.25 over the next week or so could well undermine any further gains in the rand.
In short, we doubt the local story will justify USD/ZAR sustaining a move under 18.00 – unless that is softer US data provides a lift to the whole emerging currency complex”.
When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.
Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice.
SV
