The JSE rose on Thursday, with the all share racing to its best level since late May. Unlike Wednesday’s surge, however, the rally was not broad based, suggesting that some traders were willing to lock in profit in some stocks, including Lonmin, which has enjoyed a good week so far. The all share was up 0.31% to 54,258.30 points at lunchtime, led by financial stocks, while miners lagged the rest of the market. Analysts expect the outcome of the Reserve Bank’s monetary policy committee on interest rates later on Thursday to provide short-term impetus to the market. The moderation in June headline inflation, released on Wednesday, has led some economists to believe that the Bank could cut rates on Thursday, but the consensus view is that the Bank will hold off for now. "Hopefully we will get a [rate cut] ... which should stimulate our economy and the market in general. I hope this will be our catalyst," BP Bernstein Stockbrokers trader Vasilis Girasis said. Europe’s leading markets we...
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