The JSE followed international markets firmer on Tuesday while the rand weakened off the one-month highs it reached on Monday. Trading is expected to be quiet ahead of Freedom Day on Thursday and the Workers’ Day long weekend. "There is no data to take note of today, so sentiment will drive markets," said TreasuryOne dealer Phillip Pearce. Internationally, the only real market-driver this week is set to be US President Donald Trump’s expected announcement on tax reform on Wednesday. "We may see a shift of interest towards Trump’s proposed tax reduction plan but it will likely only be an outline of the broad ideas the US president has," Pearce said. At 6.26pm, the rand was at R13.10 to the dollar from Monday’s R13.02. The benchmark R186 bond was bid at 8.705% from 8.62% previously. The JSE was boosted by rand hedges, riding the momentum of Monday’s gains in the currency. The all share closed 0.63% higher at 53,257.40 points and the blue-chip top 40 added 0.73%. Industrials lifted 1.0...
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