Wall Street enjoyed two odometer effects on Tuesday, with the Nasdaq index clocking 6,000 points and the Dow Jones Industrial breaching 21,000 before settling back to close at 20,996 points. US stocks were partly bolstered by President Donald Trump’s promised tax cuts, which he is scheduled to announce on Wednesday, but more so by the March quarter results season in which many US corporations met or beat expectations. Stock exchanges trading ahead of the JSE’s opening on Wednesday morning took their cue from Wall Street, with Tokyo’s Topix index 0.96% stronger and Sydney’s S&P/ASX 200 0.68% stronger. The JSE’s all share index rose 0.63% to 53,257 points on Tuesday — taking it back over the 53,000 mark for the first time since the bourse closed on April 13 for the Easter long weekend. Statistics SA is scheduled to release March’s producer price index (PPI) at 11:30am. Farm and factory gate inflation, as measured by the annual change in PPI, has decelerated sharply from 7.1% in Decemb...
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