A U.S.-Iran peace deal and the reopening of the Strait of Hormuz sent oil down roughly 10% on the week and lifted Wall Street, with US stock and bond markets closed today for Juneteenth.
A hawkish first Fed under new Chair Kevin Warsh — a higher 2026 dot and no forward guidance — knocked Wall Street about 1.2% lower, leaving the JSE to play catch-up as the Bank of England decision and US jobless claims headline the day.
A confirmed US-Iran deal to end the war sent global markets risk-on, pushed oil to a three-month low and lifted US futures, with attention turning to this week's Federal Reserve decision.
A hot US CPI print and a renewed AI selloff dragged the S&P 500 and Nasdaq lower, with higher oil adding an inflation overhang ahead of today's US PPI.
Prepared 09:10 SAST. All times South Africa Standard Time (SAST = ET + 6h). 1. MARKET SNAPSHOT (moves since previous session) Instrument Level Change One-line driver USD/ZAR ~16.53 rand ~flat to softer Rand near 3-week low (~16.6 intraday); Middle East risk-off, firmer USD, weaker gold/PGM. JSE Top 40 ~103k–105k area*…
A chip-led rebound steadied the S&P 500 and Nasdaq as markets drifted into a quiet session ahead of South Africa's Q1 GDP print and next week's Fed decision.