Friday, 7th March 2008 at 9:16 pm
Daily Wrap : 7 March 2008

The Rand was bid at 7.9300 to the dollar at 17:40 today from its previous close of 8.0510 and an intraday worst level of 8.0675.

The JSE closed in the red today with the All Share index ending 1.16% lower. Global equity markets all seemed to take a dive today after the release of gloomy US job reports and continuing fears of a recession in the US. Most of the indexes on the JSE ended lower today with the exception of the gold mining index which closed 1.95% up. This past week the JSE has mainly been held up by the resources and mining stocks but today it was not the case as the platinum mining index retreated 1.36%, while resources fell 1.23%.

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