Futures fall ahead of close-out as investors remain cautious on trade-war concerns
South African futures were weaker on Wednesday, as global risk-off sentiment led to a lower close on the JSE while the Dow opened weaker in cautious trade.The all share closed 1.12% lower at 58,423.20 points and the top 40 lost 1.11%. General retailers relinquished 2.29%, food and drug retailers 2.28%, banks 1.77%, industrials 1.41%, and financials 1.23%. The property index added 0.92%.Global markets were subdued as investors remained concerned about a possible global trade war. US President Donald Trump intends imposing tariffs of up to $50bn on Chinese imports, targeting the technology and telecommunication sectors. This follows earlier announcements of higher tariffs on steel and aluminium imports.Earlier, however, concerns over a potential trade war eased as rhetoric from the White House became less aggressive. The announcements excluded key trade partners Mexico and Canada from the steel and aluminium tariffs. In addition, a number of US trade partners, including Brazil, South ...
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