We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

The JSE closed weaker on Wednesday as Naspers led the losses, in terms of volume, amid continued global risk-off trade, despite some promising signs that the Italian political crisis may be defused soon.Italian populist parties, which obtained 50% of the vote in the recent elections but have yet to form a government, indicated that they were again starting talks to that end. This could prevent another Italian election being held, with the euro under pressure earlier on the possibility that the populist parties might increase their share of the vote.The euro also clawed back some lost ground against the dollar on Wednesday after the European Central Bank (ECB) said it would continue with plans to phase out its bond-buying programme later in 2018, despite the Italian situation.Weaker Chinese markets affected Naspers’s performance, following an announcement by US President Donald Trump’s administration that the US was moving forward with its threat to apply tariffs on Chinese imports.A...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.