MICROSOFT’s 5.3% jump to $55.91 on Wednesday, helping the Nasdaq index gain 1.06% to 5,090 points, set a green tone for stock markets trading ahead of the JSE’s opening on Thursday morning.In Tokyo, the Nikkei 225 was 0.76% higher, bolstered by Wall Street and reports Japan’s government will announce a stimulus package of at least 20-trillion yen ($186bn).In SA on Thursday, the Reserve Bank governor Lesetja Kganyago will announced the monetary policy committee’s decision on interest rates at 3pm.The consensus of economists is the central bank will keep its repo rate at 7%. SA’s commercial banks add 3.5 percentage points to the central bank’s repo rate, meaning the prime rate they quote consumers will remain unchanged at 10.5%.Nedbank’s economics team said in a note on Wednesday that consumer price inflation accelerating to 6.3% in June from 6.1% in May was unlikely to influence the committee’s decision."The delay in US interest rate hikes, the recent strengthening of the rand and th...
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