Futures lower on flat Dow opening and as Steinhoff drags the JSE down
South African futures were weaker on Wednesday as the JSE closed down and the Dow opened flat amid mixed European markets.Volumes traded on the JSE all share amounted to R28bn on the day compared to an average trading day’s R20bn.The Dow was 0.03% off soon after the JSE’s close. The FTSE 100 added 0.46%, but the DAX 30 dropped 0.6%.The all share closed 1.64% lower at 58,010.20 points and the blue-chip top 40 dropped 1.6%. The gold index shed 4.14%, platinums 4.01%, industrials 2.28%, food and drug retailers 1.45%, and resources 1.06%.Steinhoff was the main loser on the JSE, closing 61.42% lower at R17.61 following the resignation of CEO Markus Jooste on possible accounting irregularities.European stocks dropped on Wednesday, with tech and mining shares fronting broad-based losses across the region, setting blue chips on course for a second consecutive decline, Dow Jones Newswires reported.Global tech stocks were under pressure for most of the day.There are worries that the retention...
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