The JSE all share opened weaker on Thursday as retailers reversed gains from the previous session while industrials made little headway on a firmer rand as the euro gained on the dollar.The rand usually firms on a softer dollar and rand hedges gain when the rand weakens.The rand was at R13.51 to the dollar from R13.5765, also dragging down resources and platinums on mixed commodity prices. The euro was at $1.1811 from $1.1794.Retail stocks firmed on Wednesday after retail trade sales rose by a significant 5.5% year on year in August 2017.The market was shrugging off yet another surge on the Dow on Wednesday as Chinese markets were lower, with investors digesting Chinese economic data. Chinese GDP data came out at 6.8% last quarter in line with estimates while retail sales and industrial production beat forecasts and fixed asset investment missed expectations. "While the data came across as being positive, China’s quarterly growth was marginally lower," analysts at Nedbank Corporate ...
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