The JSE opened marginally weaker on Monday in quiet trade on lower Asian markets and ahead of a US public holiday. The Dow Jones will not trade on Martin Luther King day. It closed 0.03% lower on Friday. Spot gold was a star performer, gaining support trade above the $1,200 level at $1,204/oz. The market was looking ahead to key events in the week, including UK Prime Minister Theresa May’s keenly awaited speech on Brexit on Tuesday. She has promised to provide more detail on the UK’s strategy ahead of the commencement of the Article 50 negotiations in April. The European Central Bank (ECB) will meet on Wednesday and president-elect Donald Trump will be inaugurated on Friday amid widespread concern about possible protectionist policies his administration will implement. A tough trade policy in the form of a border tax could increase US core inflation by up to one percentage point and reduce real GDP growth by 1.5 percentage points, Barclays Research analysts said in an early morning ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.