The JSE opened firmer on Tuesday, recording broad-based gains, but volumes were low on higher Asian markets, taking their cue from a mixed performance on the Dow. Volumes traded amounted to about R1bn 30 minutes after the opening, with platinum stocks recovering strongly. US stocks showed a lack of direction, with the Dow closing flat, partly because home sales data left the market questioning if the US economy would continue its good form. The June figure came in down -0.6% versus a consensus of a +0.5% increase. Sentiment on the JSE was cautious with the market eyeing movements in the rand, amid indications the dollar could resume its recent rally. This was interrupted on Friday when US President Donald Trump questioned the interest-rate tightening policy of the US Federal Reserve. "Another rally in the dollar is imminent," Nedbank analysts predicted, with the rand possibly weakening to R13.82 to the dollar. It was at R13.4738 to the dollar from R13.4595 soon after the JSE’s openi...
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