Upbeat local GDP data and a return to risk-on trade on global markets buoyed the JSE on Tuesday, with global miners leading broad-based gains. Shares with a primarily local focus, including banks and retailers, also performed well on the day, bolstered by a firmer rand. Investor sentiment has improved after signs that US President Donald Trump’s planned tariffs on steel and aluminium are finding resistance from the Republican party. Miners took their cue from the positive mood, with Kumba Iron Ore the stand out performer, gaining 6.36% to R350. Locally, GDP growth for 2017 surprised to the upside, with analysts saying the domestic economy was picking up steam, but warning it continued to face headwinds that could prevent further acceleration. These include the notable tightening in fiscal policy in the budget, the drought in the Western Cape and financially constrained households, said Old Mutual Investment Group strategist Rian le Roux. The all share increased 2.3% to 59,242.9 poin...
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