The JSE opened marginally higher on Tuesday in lacklustre trade ahead of the Reserve Bank’s interest rate decision later in the day. The market was still looking for direction amid a marginal decline on the Dow on Monday, with Asian markets mixed. The Nikkei 225 was down 0.55% and the Hang Seng added 0.20%. The Dow lost ground on a weaker performance from McDonald’s, despite beating expectations. Qualcomm plunged 12% after Apple filed a suit against the company. The dollar remains on the back foot with a weakening bias towards the euro and other major currencies. This is expected to continue until President Donald Trump provides more detail on his policies. His protectionist stance in his inauguration speech is also of concern to investors. "Traders were concerned that the protectionist policies under Trump in a bid to ‘make America great again’ would have unintended consequences," Nedbank Corporate and Investment Banking (CIB) analysts said. US treasuries have firmed since the begi...
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