A bittersweet week has seen the JSE All Share Index shed 4.81% as the South African Rand weakened in the run up to President Zuma’s Constitutional Court hearing and then strengthening again to levels of around R15.85 to the US Dollar. With the Chinese New Year celebrations in full swing and markets having been closed, some Asian markets haven’t been as lucky. The Japanese Nikkei 225 Index has fallen as much as 8.21% this week. Across the Pacific, the US Federal Reserve chair, Janet Yellen, has rattled global markets with her dismal outlook on US growth based on the current global economic climate. Hints of an interest rate hike may now be deferred to a later date in 2016 once the US economy stabilises. The gold price has appreciated 5.08% this last week to levels of $1,233.01, suggesting that some investors still find safety and solace in the precious metal during times of uncertainty. Oil prices have continued to depreciate over the last week.
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