The JSE opened firmer on Tuesday, after the Dow closed higher for the second consecutive session on Monday amid signs that the huge sell-off last week may have been an overreaction.Miners were the star performers at the opening on a higher copper price, as the rand remained steady around R11.94/$.The saga around President Jacob Zuma’s exit has now turned to Parliament, after the president rejected the national executive committee’s (NEC) decision for him to be recalled.The gold price rose 0.31% to $1,326.60/oz.The Dow was up 1.7% at 24,601.27 points, with the positive momentum in US markets boding well for the further recovery of global equity markets, analysts said. The initial market weakness was caused by a small rise in wage growth from a month when the labour market was negatively influenced by a heavy storm across northeastern US, said Old Mutual Multi-Managers analyst Dave Mohr.This sparked concern about higher inflation, with US bond yields rising in response. "But the data ...
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