JSE opens flat as Dow slips below 20,000 and Trump’s measures unnerve markets
The JSE opened flat on Tuesday after the Dow slipped below 20,000 points again on the concern about President Donald Trump’s controversial policy decisions in his first week of office. The market was supported by stronger gold and platinum stocks, with banks and general retailers recovering after two days of sell-offs. The gold price was 0.44% higher at $1,200.32/oz and platinum rose 0.29% to $992.61/oz. President Donald Trump’s decision to shut US borders to refugees and others from seven largely Muslim countries caused widespread confusion and chaos at global airports. "The weakness in US markets was partially due to profit-taking after highs recorded last week and partially due to Donald Trump’s travel ban," Nedbank Corporate and Investment Banking (CIB) analysts said. On Tuesday the Trump administration was again mired in controversy after Trump decided to fire acting attorney-general Sally Yates after she refused to endorse his executive order closing the nation’s borders to re...
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