The JSE was slightly firmer on Tuesday morning, despite some pressure on world markets, ahead of risk events this week. Volumes on the local bourse were low on Tuesday morning, ahead of a short trading week. Local markets will be closed on Wednesday for Human Rights day, with markets expected to react only on Thursday to this week’s major risk event, the US Federal Reserve monetary policy announcement. Rand hedges were weaker on a firmer rand, but many miners were higher, while Naspers tracked gains in Hong Kong associate Tencent. Tencent gained despite pressure on tech stocks on Monday, when Facebook slumped 7% amid criticism over its protection of user data. Analysts expect cautious trade, with trade on global markets likely to be volatile due to the concern about global trade and a possible sell-off in tech shares in Europe. The Fed is widely expected to raise interest rates by 25 basis points on Wednesday. Investors will pay close attention to the tone of policy makers, as they ...
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