The JSE all share index has shrugged off a weaker overnight close on the Dow Jones industrial average, mixed Asian markers and a stable rand, to open marginally firmer on Tuesday. The rand was at R14.05/$ from R14.0641. Gold and platinum stocks rose on weaker Brent crude, which dropped 0.57% to $60.49 a barrel. Platinum added 0.35% to $923.02 and gold was steady at $1,276.05. US markets took a breather on Monday amid profit-taking after recent highs. The Dow closed 0.36% lower at 23,348.74. Nedbank Corporate and Investment Banking (CIB) said some of the reasons for the Dow’s fall were reports that US corporate tax cuts would be gradually phased in until 2020, as part of President Donald Trump’s tax reform; and squaring of positions ahead of the US Federal Reserve meeting and monthly jobs report. Asian markets were flat after China’s October purchasing managers index (PMI) data missed analysts’ expectations. At 9.28am the JSE all share was 0.17% up at 58,977 points and the blue-chip ...
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