South African futures were higher on Tuesday, tracking the firmer JSE, which closed above 56,000 points. The Dow was higher in late evening trade in Johannesburg, with analysts saying some risk-on sentiment was coming back into the market ahead of Thursday’s Jackson Hole central bank conference. Markets were also watching for local consumer inflation data for July on Wednesday. Consensus expectation was for the consumer price index (CPI) to come in at 4.6% from 5.1% in the previous month‚ which could lead to lower interest rates when the Reserve Bank’s monetary policy committee (MPC) meets next month. The all share closed 1.05% higher at 56‚034 points and the blue-chip top 40 added 1.14%. Food and drug retailers added 3.42%‚ general retailers 2.72%‚ banks 1.44%‚ industrials 1.21%‚ resources 0.98% and financials 0.84%. The gold index was off 2.92% and platinums 0.4%. At 5.40pm the gold price was 0.32% lower to $1,287.43 an ounce, and platinum 0.29% to $977.31 The Dow had added 0.59% ...
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