MARKET WRAP: JSE firms after volatile session, as global markets stage a mild recovery
The JSE closed higher on Monday but lacked a clear direction, with banks gaining and most miners falling, despite a two-month low for the rand against the dollar.Most indices on the JSE had a mixed performance, with trade slightly subdued and lacking clear direction. Daily volumes were lower than usual, at R16bn, compared with the average of R20bn.Risk events this week include US inflation data for March on Tuesday, when Chinese President Xi Jinping is also expected to give an address. Xi’s speech will be widely watched for signs of how China will respond to US demands for changes to their trade relationship.Conciliatory comments at the weekend from the White House on the trade issue helped lift Asian and US markets on Monday but major European bourses were flat at the JSE’s close.Markets are also watching for the start of the corporate earnings season in the US, with some major banks expected to report on Friday.The all share closed 0.38% higher at 56,091.6 points and the top 40 ad...
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