The JSE tracked upbeat global markets on Tuesday, with a number of bourses in the US, Asia and Europe reaching record highs this week.The end to a three-day shutdown of the US government helped spur risk-on trade, although the dollar’s recovery from its recent three-year low to the euro was limited.The markets remained sceptical about the US Federal Reserve’s gradual monetary policy tightening programme, given the persistent state of political turmoil in Washington and the prospect of further trade tension between the US and the rest of the world, BK Asset Management analysts said.Local banks and retailers were the primary beneficiaries, with the financial index and banks at record highs. General retailers were also bolstered by a market-pleasing trading update from furniture retailer Lewis, which jumped 17.7% to R28.60.Steinhoff International, however, fell 4.39% to R7.84 after reports earlier that UK-based Poundland was seeking to divorce itself from its parent via a management bu...
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