South African futures tracked the JSE and stronger Dow on Monday, as markets prepared for a slowdown in volumes until later this week due to US Independence Day on Tuesday. US markets were to close early on Monday, with major exchanges there mixed in early evening trade, SA-time. The Dow Jones industrial average was 0.87% higher at the JSE’s close and the S&P 500 0.57%. The tech-heavy Nasdaq was down 0.31%. The FTSE 100 gained 0.95%, the CAC 40 1.46% and the DAX 1.24%. The rand was down 1.17% to R13.2266, lifting rand hedges and diversified miners. The all share closed 1.07% higher at 52,163,8 points, and the blue-chip top 40 index 1.22%. Industrials gained 1.02%, resources 2.11%, banks 0.5% and financials 0.5%. The platinum index lost 1.43%, gold miners 1.89% and food and drug retailers 0.37%. At 5.40pm, bonds were weaker with the benchmark R186 bid at 8.83% from 8.78% and the R207 was at 7.7% from 7.655%. Brent crude was up 0.98% to $49.45 a barrel. Gold was down 1.52% to $1,222.2...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.