South African futures were firmer on Monday, tracking a stronger JSE, even as major global markets lost ground on political uncertainty. All eyes are on Thursday’s meeting of global central bankers in Jackson Hole in the US, were signals on quantitative easing in the US and the eurozone later this year are expected. The all share closed 0.26% higher at 55‚450.50 and the blue-chip top 40 added 0.20%. The platinum index was up 1.22%‚ general retailers 0.99%‚ resources 0.76%‚ food and drug retailers 0.64% and banks 0.30%. The gold index lost 0.48% and property 0.12%. US equity markets on Monday showed signs of steadying after last week’s losing streak, but Thursday’s meeting was expected to dominate the weeks trading, reported Dow Jones Newswires. At 5.40pm the gold price was up 0.46% to $1,289.88 an ounce and platinum 0.47% to $980.97 The Dow was down a marginal 0.02%, while the S&P 500 had gained 0.03%, while in European markets that CAC 40 had lost 0.52% and the DAX 0.8%. Brent crud...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.