The JSE all share index, which reached a fresh record of 55,367 points on Monday before settling back to close at 55,207, looks likely to make further gains on Tuesday.Chinese stocks continued their rally ahead of the JSE’s opening on Tuesday morning, buoyed by the Caixin manufacturing purchasing managers’ index (PMI) for July coming in at 51.1 points, far higher than the expected 50.4.This helped Hong Kong’s Hang Seng index gain 0.73%, the Shanghai composite index gain 0.41% and the Shenzhen composite index 0.06%. Sydney’s S&P/ASX 200 was 0.81% higher, with BHP Billiton gaining 1% to A$26.11. One the JSE on Monday BHP closed 2.88% higher at R239.62.Much as China had the NBS manufacturing PMI released on Monday and the Caixin manufacturing PMI released on Tuesday, SA has the Absa-sponsored poll of factory managers released on Tuesday at 11am and a similar survey sponsored by Standard Bank released on Thursday.The Absa manufacturing PMI, done by Stellenbosch University’s Bureau of Ec...
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