JSE opens flat amid improved emerging-market sentiment
The market is digesting the US Fed's stance and revised Nafta trade deal as the rand remains range-bound
The JSE all share opened flat on Monday as firmer retail, banking and financial shares were offset by lower mining stocks. Brent crude was largely unchanged at $82.8 a barrel with gold and platinum prices trending lower. Markets in China are closed for holidays the entire week. Hong Kong's Hang Seng is closed on Monday and will resume trading on Tuesday. The followed lacklustre trade on the Dow, ending the session on Friday with a marginal gain of 0.07%, as the major indices swung between gains and losses for most of the day. The Nikkei 225 rose 0.52% on Monday. The US Federal Reserve last week hiked interest rates by 25 basis points and indicated that a further hike in December might be in the offing. The rand continues to trade in a tight range after the euro fell through the $1.16 level. Although the rand has failed to break through R14 to the dollar, it has also not weakened above R14.20, which could put the local currency on course for further gains, analysts said. The US and ...
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