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Daily Highlights

US stock market sees mixed movements ahead of key policy announcements

Adriaan Pask, Chief Investment OfficerPSG Wealth

US stock market sees mixed movements ahead of key policy announcements

The US stock market experienced mixed reactions as investors awaited significant policy announcements. The Dow Jones was up by 0.10%, while Nasdaq gained 0.90% closing at 17 445 and the S&P 500 showed slight gains at 0.40% closing at 5 632.02.  Despite the partial recovery in key indexes, concerns about the economic impact of these policies continued as investor sentiment remained cautious.

European equities managed to regain some ground, also reflecting prudent optimism among investors. According to Reuters, European shares rebounded on Tuesday, recovering from a two-month low reached in the previous session. The STOXX 600 index closed 1.10% higher, marking a turnaround from Monday’s declines. This recovery came as investors cautiously positioned themselves ahead of the impending US tariff announcements, set to take effect on 2 April. In the UK, the FTSE 100 closed at 8 634.80, marking a gain of 0.61%.

Asian markets displayed a mixed performance with some indices recovering from previous declines. The Nikkei 225 closed at 35 624.48, marking a modest gain of 0.02%, while the Hang Seng Index closed at 23 206.84, up by 0.38% following significant declines in the previous session. Japan is seeking exemptions from potential US tariffs, adding to regional uncertainty. Despite these challenges, Asian shares rebounded slightly following gains in other global markets.

South African business sentiment remains subdued due to ongoing uncertainty affecting economic growth. At 19h52 SAST the rand traded at 18.48 against the US dollar, 19.95 to the euro and at 23.88 against the pound. These exchange rates reflect ongoing global economic uncertainties and domestic challenges, including inflation and economic growth concerns.

The price of gold was buoyed by increased demand for safe-haven assets, closing at $3 114.00 per ounce. Brent crude oil closed at $74.59 per barrel, influenced by potential tariffs on crude exports.

 

KST3 005c105c (3.62%)
Market Indicators
DateIndexCurrent Level1 Day Move1 Month Move6 Month Move1 Year Move
Date2026-10-21T00:00:00IndexALSICurrent Level110399.231 Day Move1.291 Month Move-1.636 Month Move-5.991 Year Move3.20
Date2026-10-21T00:00:00IndexBasic mineralsCurrent Level82479.301 Day Move0.461 Month Move-7.946 Month Move-12.931 Year Move7.87
Date2026-10-21T00:00:00IndexFin + Ind 30Current Level13096.331 Day Move1.671 Month Move1.556 Month Move-2.311 Year Move0.91
Date2026-10-21T00:00:00IndexFinancialCurrent Level62417.601 Day Move1.861 Month Move0.766 Month Move2.001 Year Move17.81
Date2026-10-21T00:00:00IndexIndustrial indexCurrent Level130622.711 Day Move1.471 Month Move2.386 Month Move-6.401 Year Move-12.10

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