Anchor Capital says JSE slides 6.7% in September as precious metals correction hits resources shares
Bitget2026/10/01 19:11- Anchor Capital flagged September market stress as U.S. 10-year Treasury yields briefly topped 5.0%, pressuring global risk assets.
- JSE All Share slid 6.7% in September, led by resources as a precious-metals correction hit gold and PGMs.
- Gold fell 6.3% in September; platinum dropped 4.5%; palladium sank 11.5% as rising yields lifted the cost of holding non-yielding assets.
- Brent crude rose 14.4% in September, back above US$100/bbl, driven by supply risks tied to the US-Iran impasse.
- SARB lifted the repo rate 25 bps to 7.25% on 23 September as higher oil prices complicated the inflation outlook.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Traders are betting on rising US Treasury yields, short positions surge and push up repo costs
Short positions on government bonds continue to increase, driving up the cost of repo borrowing.
Mattel, the maker of Barbie dolls, surges 19%! Acquired by Authentic Brands Group with an offer possibly exceeding $20 per share
According to media reports, Authentic Brands Group has privately approached Mattel to discuss an acquisition offer. The bid could exceed $20 per share, corresponding to an overall valuation of around $6 billion or higher. There is no guarantee that both parties will eventually reach an agreement. Additionally, with a new CEO about to take charge at Mattel, whose strategic plans have yet to be clarified, the potential deal may become even more complex.
The British Pound slides again as UK government bonds sell off
Horace Mann Completes Acquisition of Employee Services
Crypto prices
More
