The JSE opened weaker on Monday amid cautious risk-off sentiment, and as the Dow closed higher on Friday on solid earnings numbers from the big US banks.The Dow firmed 0.38%, but Asian markets started the week on a negative note as Chinese GDP came in at 6.7% in the second quarter, from 6.8% in the first. The Nikkei 225 was closed for a public holiday.The Shanghai Composite dropped 0.61% and the Hang Seng 0.13%.Banks and financials on the JSE took the full brunt at the opening, despite the rand holding steady at R13.25 to the dollar. Platinum stocks were sharply lower, and gold stocks were on the back foot after the dollar firmed through the $1.17 level to the euro.Retail distribution head at Sanlam Investments Gielie de Swardt said global sentiment improved last week, with the Dow ending the week higher for the second consecutive week. "But that was after three negative weeks amid concern about an escalating global trade war."Locally, he said, the market experienced an outflow from...
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