Though a quiet Monday on the international front, with US markets generally closed for its Labor Day holiday, it is a busy day for JSE results and local economic data.Results are expected from services group Bidvest, casino and hotel group Sun International, and tertiary education group Stadio.The first trading day in September sees Absa publish its monthly manufacturing purchasing managers’ index (PMI) for August at 11am, and the National Association of Automobile Manufacturers of SA (Naamsa) releases August’s new vehicle sales at about 2pm.According to the Trading Economics consensus, August’s PMI will decline to 51.1 points from July’s 51.5, and Augusts’s new vehicle sales will rise to about 48,300 units from July’s 47,880.Asian markets fretted ahead of the JSE’s opening over US President Donald Trump pushing ahead with his threatened 25% tariffs on an additional $200bn worth of Chinese imports.Tencent was down 3.1% to HK$329.60 ahead of the JSE’s opening on Monday morning, indic...
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