The JSE opened flat on Thursday, following weaker Asian markets and a choppy session on Wall Street as president-elect Donald Trump’s news conference failed to deliver much detail on proposed economic policies. The dollar lost ground in reaction and the Dow Jones industrial average closed 0.50% higher at 19,954.28 points. The Nikkei 225 was 1.19% lower on the stronger yen and the Hang Seng dropped 0.53%. The gold price jumped 0.75% to $1,200/oz in early morning trade. Platinum was up 1.12% to $983/oz. Brent crude was 0.16% lower at $55.31 a barrel. The lack of cohesive policy comment from the president-elect partially undermined the "fiscal and stimulus" narrative that had been associated with a Trump administration, Momentum SP Reid analysts said. Investors were looking towards the start of the US first-quarter earnings season and the Trump inauguration on January 20, Momentum said. At 9.38am the all share was 0.02% softer at 52,426.20 points and the blue-chip top 40 was up 0.02%. ...
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