JSE slips in broad-based losses as market is unsure about Trump policy delivery
US and many emerging markets have been trading higher since the beginning of the year on expectations that Trump’s stimulatory policies will support commodities
The JSE closed weaker on Monday in lacklustre trade, as early-morning gains among resources fizzled out in later trade on rand strength. The rand broke through R12.90/$ again amid positive emerging-market sentiment and a weaker dollar, as the platinum price rose more than 1% on the day. In late afternoon trade, platinum was up 1.32% to $1,040. Gold rose to $1,258.25 while Brent crude added 0.90% to $56.45 a barrel. The dollar weakened ahead of President Donald Trump’s address to congress on Tuesday, with scepticism increasing as to whether he would be able to deliver on his tax reform and infrastructural plans soon. The Dow was 0.19% lower at the JSE’s close with European markets also turning flat to negative. The Dow closed flat on Friday, and was negative for most of the day. It has recorded record gains over the past 10 sessions. US and many emerging markets have been trading higher since the beginning of the year on expectations that Trump’s stimulatory policies would support co...
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