| Real-time Estimate TTMZero 06:11:19 2024-04-26 am EDT | 5-day change | 1st Jan Change | ||
| 1.073 USD | +0.07% |
|
+0.87% | -2.71% |
| 11:33am | European Midday Briefing : Solid U.S. Tech Earnings Lift Mood; PCE Print Awaited | DJ |
| 11:16am | News Highlights : Top Global Markets News of the Day - Friday at 5 AM ET | DJ |
South Africa's beleaguered state power firm Eskom got a lift in financial markets on Thursday, as a pledge of help from the country's President Cyril Ramaphosa gave some of its bonds their best day since June.
A spokeswoman for Ramaphosa had said on Wedndesday that he was "favourably disposed" to a trade union proposal to use funds from a state-owned asset manager to reduce the debt of Eskom, which generates more than 90% of the country's electricity.
The firm's 2023- to 2028-maturing bonds were last up between 1 and 1.8 cents on the dollar.
(Reporting by Marc Jones; Editing by Tom Arnold)
