Futures were up on Friday in a choppy trading session after the JSE all share reversed gains made earlier in the day. The all share closed 0.23% lower at 54,162.70 points on Friday, with the market following a softer opening on the Dow and European markets. The latter lost ground on the European Central Bank (ECB) decision on Thursday to keep rates unchanged. At 5.46pm, the Dow was 0.36% off at 21,532.38 points. Global markets initially reacted favourably to the ECB announcement to start talks of tapering its stimulus measures at its September meeting, but reversed course on Friday amid concern over subdued consumer inflation in the eurozone. The dollar remained under pressure, with the euro gaining a further 0.16% against the greenback after surging more than 1% on Thursday. The rand was at R12.9487 to the dollar from R13.0367. Bonds returned some of the day’s gains toward the close as US yields dropped further. The R186 was bid at 8.51% from 8.545%. The US 10-year bond was at 2.24...
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