The JSE closed weaker on Tuesday, slipping below the 55,000-point level, as miners came under pressure from a firmer dollar and softer commodities prices, with platinum stocks faring the worst. The platinum price was 0.74% lower at $959.69 an ounce at the JSE’s close, while the euro was at $1.1730 from $1.1782. The all share closed 0.87% lower at 54,983.3 points and the top 40 shed 0.92%. The platinum index lost 3.11%, gold miners 2.87%, industrials 0.71%, resources 2.24%, and general retailers 0.99%. The all share reached a record high of 56,396.20 points last week. Trading was risk-off for most of the day as the dollar strengthened on upbeat US retail sales data, with the market now pricing in a more hawkish stance from the US Federal Reserve, which may mean a further interest-rate increase in the US this year. US retail sales rose 0.6% in July from an expected 0.4%, the biggest increase in seven months. Earlier New York Federal Reserve president William Dudley hinted at a possibl...
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