The JSE opened lower on Thursday, and looks headed for a dip below 55,000, having closed lower every day this week. Asian markets were mixed and the global risk-averse mood returned, while flat company results from Sanlam and FirstRand added to the bad news. The rand reached R12.67/$ in early morning trade from R12.7887, before weakening marginally. Mining stocks were weaker on the firmer rand and a flat Brent crude price, with the euro making further gains against the dollar ahead of the Central European Bank (ECB) meeting later in the day. The JSE all share index has not had a positive daily close so far this week and could close below 55,000 if present trends continue after slipping below 56,000 earlier in the week. It reached a high of 56,896.90 on August 25. The Dow JOnes industrial average firmed 0.25% to 21,807.64 on Wednesday after President Donald Trump agreed to support increasing the debt ceiling and fund the US government for three months. Japan’s Nikkei 225 was up 0.20%...
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