The JSE was weaker on Thursday morning, failing to benefit from improved international sentiment. At 9.30am the all share was down 0.26% at 54,556.7 points and the top 40 had lost 0.25%. Gold miners were off 1.36% and industrials 0.34%. The Dow had closed more than 2% firmer on Wednesday, as investors breathed a sigh of relief after the US midterm elections, which many analysts believe could quell volatility on global markets. This was the biggest post-election jump by US markets in more than 35 years, according to Dow Jones Newswires. Chinese data earlier also surprised to the upside, with exports and imports for October showing resilience despite the trade conflict with the US, the newswire said. Total exports rose 15.6% on an annualised basis, better than the 11% expected by the market, while imports jumped 21.4%, compared to a consensus forecast of 13%. Local data on Thursday could also give some direction to equities, with mining and manufacturing data due at 11.30am and 1pm, r...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.