The JSE closed in positive territory on Monday, tracking firmer global equity markets, which gained after North Korea refrained from provocation during its anniversary celebration at the weekend. The all share was pushed higher by market heavyweight Naspers, ending above 56,000 points, despite banking shares turning negative in late trade. Gold miners took a beating as investors moved to riskier assets, while domestic political and economic factors returned to some prominence on Monday, but analysts cautioned that broader market focus would remain on geopolitical factors and the dollar this week. Some demonstration by North Korea of its military capabilities was expected at the weekend, but the lack of action as well as the downgrade of Hurricane Irma to a less serious category, allowed investors the opportunity to unwind some of the safe-haven trades from previous sessions, said Oanda analyst Craig Erlam. Despite risk-on trade, local bonds were under pressure amid speculation about...
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