The JSE chugged along at a steady pace on Monday, helped in part by industrial and financial stocks. The all share index was up 0.4% at 55,527.50 points at lunchtime, outperforming some of its peers in Europe. But price moves on the local share market, as elsewhere, appeared contained before a gathering of central bankers at Jackson Hole in the US later in the week, which analysts said could generate volatility. US Federal Reserve chairwoman Janet Yellen and European Central Bank (ECB) president Mario Draghi would attract attention at the meeting, starting on Thursday. "The market will take a keen interest in the possibility of the ECB starting to normalise policy and whether the Fed will remain hawkish given lower inflation numbers," said Grant Gilburt, analyst at Nedbank Private Wealth. "If the Fed remains hawkish and the ECB sets a hawkish tone and indicates normalising monetary policy, emerging markets including the rand will face pressure as the carry trade unwinds." In Europe,...
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