Rand dips and stocks fall

25 January 2010 - 02:00
By unknown

LOCAL stocks stumbled for a fourth session to touch a six-week low on Friday, tracking global markets down as investors cut risk on China's moves to cool its economy and US plans to limit risk-taking.

LOCAL stocks stumbled for a fourth session to touch a six-week low on Friday, tracking global markets down as investors cut risk on China's moves to cool its economy and US plans to limit risk-taking.

The rand also lost ground as commodities' prices dipped, while government bonds weakened ahead of this week's interest rate decision by the Reserve Bank. - Reuters