The JSE opened flat on Friday as industrials lost ground and resources recovered despite a stronger rand and softer commodity prices. The rand held strong from overnight gains and was trading at R13.1568/$ as the dollar showed little inclination to break through the $1.07 level against the euro. Spot gold was 0.12% off at $1,280.16/oz and platinum lost 0.15% to $975.81/oz. Trading was subdued in the shortened week with the local market not taking its cue from a strong showing on Wall Street on Thursday. The Dow ended the day 0.85% higher with a number of companies reporting solid earnings. American Express rallied 5.9% after their results beat estimates. Steel stocks rose after President Donald Trump announced a government investigation into whether foreign steel imports were harming national security. In the UK the FTSE 100 eked out a small gain of 0.06%, the first in five days. The Nikkei 225 was 1.03% up, while the Hang Seng shed 0.16% on Friday morning. Nedbank Corporate and Inv...
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