MARKET WRAP: JSE is the odd man out as global markets firm on trade talks
The JSE bucked the general optimism in global markets on Thursday with the latter rising on optimism that a global trade war could be averted.The Dow had risen 0.72% by the JSE’s close amid signs the US and China were open to discussing their trade dispute in high-level negotiations, potentially heading off a global trade war. The FTSE 100 was 0.8% higher and the DAX 30 0.48%.It was reported earlier that US and Chinese officials were open to resuming high-level trade talks. "The hope is that China and the US will be able to resolve trade matters through bilateral agreements," said ThinkMarkets analyst Naeem Aslam.The positive sentiment did not extend to the local market where the release of fair manufacturing and mining data on the day failed to reassure market concerns that GDP in the second quarter could show a contraction.Together, today’s figures suggest the contraction in SA’s economy slowed in the middle of the second quarter, Capital Economics analysts said. "Even so, GDP pro...
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