The JSE closed lower on Thursday as the stronger dollar continued to hammer sentiment towards emerging markets.Volumes surged towards the close, hitting R22bn, mostly linked to a sell-off in Naspers shares.The euro fell through $1.18 on the day, reaching a five-month low for the bloc’s currency, following reports from Italy that a coalition agreement between populist parties Five Star Movement and the League revealed plans to defy EU rules. This included the cancelation of €250bn of Italian bonds, bought by the European Central Bank (ECB).Italian stocks plunged and bond yields shot up by more than 15 basis points on the news.A new round of China-US trade talks was launched on Thursday in continued efforts to avert a trade war. "It is still difficult to predict how the negotiations will end," said FXTM analyst Jameel Ahmad.After a flat start, the Dow picked up some momentum in choppy trade. European markets ended the day higher, on the weaker euro.The all share closed 0.75% lower at ...
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