South African futures were higher on Tuesday for the second consecutive session, as the JSE closed at a record high, in line with upbeat global markets.The Dow Jones was 0.10% lower soon after the JSE’s close. European markets were mixed, with the FTSE 100 up 0.17%, but the CAC 40 dropped 0.28%.The Dow closed at a record on Monday after the Senate reached a compromise deal to keep the US government open until February 8.The all share closed 0.68% higher at 61,475.40 and the blue-chip top 40 gained 0.66%. Banks rose 2.49%, general retailers 2.47%, food and drug retailers 2.14%, financials 1.78%, industrials 1.16% and property 1.05%. Resources dropped 1.75%, platinum 1.33% and gold 0.29%.As expected, the Bank of Japan kept its deposit rate at negative 0.1% on Tuesday and maintained its yield target on the 10-year bond at about 0%.The central bank said its expectations for inflation were little changed, after previously saying they expected a weakening phase.The euro was at $1.2292 fro...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.