The JSE opened firmer in relatively subdued trade ahead of US Independence Day on Tuesday, with resources gaining on a relatively weaker rand, while banks softened.Volumes just edged above R1bn an hour after the opening.Resources were up despite weaker commodity prices, with platinum down 0.78% to $918.88 an ounce. Gold was 0.5% lower at $1,234.89 an ounce.Brent crude lifted 0.2% to $49.07 a barrel.The Dow Jones industrial average closed 0.29% higher at 21,349.63 on Friday, with Asian markers marginally higher on Monday morning following the release of purchasing managers index (PMI) data."We’ve had some decent manufacturing numbers out of China and Japan overnight, with the PMIs both beating expectations and the Japanese tankan index rising to 17 – its joint highest reading in almost a decade," said Oanda analyst Craig Erlam. Erlam said the yen had not been overly responsive to the data, as the Bank of Japan is one of the few major central banks unlikely to tighten monetary policy ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
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.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.