JSE lower as risk-off sentiment returns to global markets
Local bourse is weaker on Friday morning, as markets digest signals from global central bankers, while eyeing North Korea
The JSE was weaker on Friday morning, as markets digested signals from global central bankers on Thursday, while eyeing North Korea’s possible launch of another ballistic missile this weekend.On Saturday‚ North Korea will observe the anniversary of the 1948 founding, and has generally used the occasion to demonstrate its military capabilities. Senior South Korean officials warned earlier this week they believed North Korea was readying another ballistic missile for launch.Gold and platinum miners gained on Thursday, buoyed by a weaker dollar environment, which tends to favour commodities.On Thursday, US President Donald Trump reiterated that North Korea needed to be reined in, but added that he would prefer a diplomatic solution to the impasse, the Dow Jones Newswires reported.In terms of local data the cupboard is bare on Friday.The European Central Bank (ECB) kept rates unchanged on Thursday, as expected, with president Mario Draghi indicating further details on the unwinding of i...
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.