The JSE started the week on a positive note, climbing more than 1% to above 59,000 points at the opening on Monday morning, as the market seemed set to build further on last week’s upbeat showing.It was the first move above 59,000 points in five months.Miners led at the opening, with Brent crude oil holding above $75.80 a barrel. The all share index gained 3.8% last week, its best weekly showing since February.Sentiment was risk-on following US Federal Reserve chairperson Jerome Powell’s speech at the central bank summit in Jackson Hole, where he reaffirmed the Fed’s preference for a gradual increase in interest rates."No new information was provided as Powell reiterated the data dependency of the central bank, with his optimism regarding [higher] inflation intact," said Oanda analyst Alfonso Esparza.The market is already pricing in two US rate hikes in 2018 and the somewhat dovish remarks from Powell did not add support to the dollar. The euro firmed above $1.16, supporting a stead...
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