The JSE closed weaker on Wednesday in risk-off trade, as miners retreated and gains among rand hedges on the weaker rand were not enough to support the broader market.The rand weakened to R12.5321 to the dollar from R12.3664, before recovering somewhat toward the close.Further rises in US bond yields spooked global markets, with Asian and European markets ending the day lower. The Dow was 0.15% weaker at the JSE’s close.Inflation worries were creeping higher in the US, given the persistent strength in oil, while investors were anxiously watching how far yields on the 10-year would spike after crossing 3% earlier in the week, Franklin Templeton analysts said.Brent crude was 0.15% lower at $73.73 a barrel.On the positive side, concern about a global trade war had receded.Despite the uncertainty about what tariffs and restrictions might be implemented, as well as concerns about retaliation, trade is not expected to have too much influence on monetary policy in the shorter term, Frankli...
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