JSE opens weaker despite firmer Asian markets as gold shares soften
Local bourse softer on Tuesday morning as investors keep an eye on this week’s Opec meeting, at which participants may agree on a production freeze
THE JSE opened weaker on Tuesday as the market followed a lacklustre Wall Street session and shrugged off firmer Asian markets.Asian markets rose after analysts judged Hillary Clinton to be the winner in the first presidential debate against Donald Trump. Clinton is seen as a market favourite.Global markets were keeping an eye on this week’s Opec meeting, at which participants may agree on a production freeze.European markets are expected to remain under pressure amid little clarity about a possible bail-out for struggling German bank Deutsche Bank. The bank’s shares closed 7.6% lower on Monday after Chancellor Angela Merkel ruled out any state funding for Deutsche Bank.At 9.35am the all share was 0.32% lower at 51,316.70 points. The blue-chip top 40 also shed 0.32%. The gold index was 1.32% lower on a flat gold price of about $1,337.20/oz. Resources were down 0.78%. General retailers softened 0.52%. Financials retreated 0.30% and industrials retracted 0.20%.The Dow Jones ended 0.91...
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.