The JSE opened marginally higher on Monday in choppy trade as banks and financials gained in risk-on trade following last week’s dovish message from the US Federal Reserve. Asian markets were mixed after the Dow Jones closed at yet another record high on Friday. The Dow was 0.39% higher at 21,637.74 points as the US second-quarter earnings reporting season surprised on the upside. The Shanghai Composite was 1.43% off and the Hang Seng gained 0.26%. Asian data released in the morning indicated that Chinese second-quarter GDP rose 6.9%, compared with the 6.8% forecast. "Domestic equities could exhibit further improvement today as the positive close in the US on Friday, a marginally up-tone in Asian markets this morning, a pick-up in global commodity prices and short-term momentum considerations created a supportive environment for risk assets," analysts at Momentum SP Reid said. Resources were higher after the Chamber of Mines confirmed on Friday that Mineral Resources Minister Mosebe...
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