Advertisement
Canada markets closed
  • S&P/TSX

    21,947.41
    +124.19 (+0.57%)
     
  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     
  • DOW

    38,675.68
    +450.02 (+1.18%)
     
  • CAD/USD

    0.7308
    -0.0006 (-0.08%)
     
  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     
  • Bitcoin CAD

    86,632.44
    +433.53 (+0.50%)
     
  • CMC Crypto 200

    1,316.68
    +39.70 (+3.12%)
     
  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     
  • RUSSELL 2000

    2,035.72
    +19.61 (+0.97%)
     
  • 10-Yr Bond

    4.5000
    -0.0710 (-1.55%)
     
  • NASDAQ

    16,156.33
    +315.37 (+1.99%)
     
  • VOLATILITY

    13.49
    -1.19 (-8.11%)
     
  • FTSE

    8,213.49
    +41.34 (+0.51%)
     
  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     
  • CAD/EUR

    0.6787
    -0.0030 (-0.44%)
     

South Africa's rand weaker, stocks set to open lower

A shopkeeper counts out change above her cash box at her shop in Hillcrest, west of Durban, South Africa, January 11, 2016. REUTERS/Rogan Ward (Reuters)

JOHANNESBURG (Reuters) - South Africa's rand weakened against the dollar early on Friday, extending losses from the previous session after weak domestic economic data and the European Central Bank's decision to trim its stimulus programme knocked the currency lower. * At 0645 GMT, the rand traded at 13.7100 per dollar, 0.48percent weaker from its New York close on Thursday. * A firmer dollar as U.S. bond yields rose also weighed onthe rand. * "The global focus this morning will mostly be oninterpreting the ECB. Don't rule out further volatility," saidRand Merchant Bank analyst John Cairns. * Local focus on third-quarter current account data due outat 0800 GMT. * Stocks were set to open lower at 0700 GMT, with the JSEsecurities exchange's Top-40 futures index down 0.56 percent. * In fixed income, the yield for the benchmark instrumentdue in 2026 was flat at 8.895 percent. (Reporting by Olivia Kumwenda-Mtambo; Editing by Gopakumar Warrier)