Local equities were largely higher on Thursday after good news about US GDP growth helped Wall Street open stronger. The rand was steady following the close of the ANC elective conference. European markets were mixed.The latest US commerce department data showed the economy grew in the third quarter at its fastest level since 2015. But in the UK, consumer confidence in December fell to a four-year low. The Bank of Japan has maintained a policy of fiscal stimulus. The S&P 500 was 0.24% higher in early trade but the FTSE 100 was 0.25% lower.The rand was trading at R12.7168 to the dollar by late afternoon, slightly firmer than its previous close of R12.7452, as jitters subsided over ANC conference resolutions, which appeared to take a more redistributive economic line.The JSE all-share index closed 1.27% higher at 58,771 points as resources and industrial share gains outweighed losses in some financial counters.Brent crude oil was marginally lower but still above $64 a barrel after dat...
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