The JSE opened the week fractionally lower on Monday, as local markets wait for direction from a raft of data releases this week. At 10.16am the all share was down 0.17% to 51,415.60 points, led by gold miners which gave up 1.62%. Gold itself was down 0.78% to $1,247.10 an ounce and platinum 0.7% to $921.87. The blue-chip top 40 gave up 0.26%, while banks rose 0.34%, financials 0.06% and platinums 0.23%. Industrials lost 0.26%, resources 0.32%, property 0.26%, food and drug retailers 0.51% and general retailers 0.14%. Statistics SA data on employment‚ producer price inflation‚ private sector credit extension and trade are due this week, with most expected to continue their downward trend. The releases will begin with quarterly employment statistics‚ surveying the formal‚ nonagricultural economy‚ for the first quarter on Tuesday. With SA in technical recession, the figures could give impetus to calls for the Reserve Bank to lower interest rates. There is likely to be marginal upside ...
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