JSE weaker as geopolitical risk subdues major global equity markets
The JSE closed lower on Friday for the third consecutive session, as disappointing retail data out of the US added to earlier risk-off trade. An explosion occurred on a London underground train on Friday‚ injuring 22‚ in what UK police are treating as a terrorist attack‚ reported Dow Jones Newswires. North Korea earlier fired another missile over Japan, in an apparent retaliation to the latest round of sanctions, imposed on Monday. The US Commerce Department said on Friday that spending at US stores, restaurants and websites decreased by a seasonally adjusted 0.2% in August, while a consensus poll conducted by Bloomberg expected a 0.1% increase. The weak data comes ahead of the US Federal Reserve open market committee meeting next week. The all share fell 0.37% to 55,645.2 points and the top 40 0.49%. The all share is off 0.14% for the week. Banks lost 1.46%, the platinum index 2.78% and financials 0.54%. General retailers added 0.78%, gold miners 0.79% and the property index 0.41%....
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