The JSE was slightly higher on Tuesday as global markets shrugged off the news of the day, with retailers leading the gains based on a strong performance by Shoprite.Trade was again subdued at R11bn compared to the usual daily average of R24bn.Local corporate news was light with rand hedges performing well, while diversified miners fared worst. The rand was flat, albeit at a six-month low against the dollar, with neither US inflation data nor news from the US-North Korean summit giving the market significant direction.The major risk events this week, however, lie on Wednesday and Thursday, when the US Federal Reserve and then the European Central Bank will make their respective stances on monetary policy known.The all share gained 0.11% to 58,207.8 points and the top 40 rose 0.14%. Food and drug retailers gained 0.96%, financials 0.41% and industrials 0.33%. Resources fell 0.66%.Diversified miner Anglo American gave up 2.07% to R321.59 and BHP 0.42% to R309.50.Rand hedge Anheuser-Bu...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

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

Speech Bubbles

Please read our Comment Policy before commenting.