Futures close lower as JSE loses ground ahead of Trump address
Meanwhile, European markets were marginally higher, with the FTSE 100 adding 0.14% and the French CAC 40 up 0.19%
South African futures were weaker on Tuesday, after the JSE lost ground in lacklustre trade ahead of President Donald Trump’s address to congress later in the day. The Dow was flat (-0.03%) in early evening trade. European markets were marginally higher, with the FTSE 100 adding 0.14%. The French CAC 40 added 0.19%. Brent crude was flat at $55.92 a barrel. The JSE all share closed 0.68% lower at 51,146.10 points and the blue-chip top 40 dropped 0.75%. The gold index shed 3.26% and food and drug retailers dropped 1.42%. Property was down 1.03%. Resources closed 0.94% lower and banks dropped 0.81%. Among the big miners, BHP Billiton was 1.46% lower at R208.93. Anglo American was off 0.25% at R203.61. Kumba Iron Ore dropped 1.4% to R214.50. At 5.46pm, the local near-dated top-40 Alsi futures index had lost 0.81% to 44,093 points, with 26,249 contracts traded from Monday’s 21,720.
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