JSE weakens as risk issues creep back into focus
Third-quarter GDP numbers and the appointment of a new NPA head loom on Tuesday, with the JSE slipping a little after Monday's rally
Resurfacing concerns about the US-China trade war put pressure on global stocks on Tuesday morning, with the JSE following suit ahead of risk events later in the day. Third-quarter GDP numbers and a new national director of public prosecutions all offer the prospect of some market volatility. Internationally, investors were locking in profit after Monday's rally, with analysts citing a lack of clear details as to the US-China ceasefire as cause for caution. After a strong performance on Monday, big diversified miners led the losses on the local bourse. Naspers, which had jumped 4.5% on Monday, extended its gains a little. At 9.45am the all share was up 0.19% at 51,980.7 points and the top 40 was 0.25% higher. Resources fell 1.14% and banks 0.38% while industrials added 0.25%. The consensus among economists is that SA exited it technical recession in the third quarter, with Stats SA forecast to report 0.5% growth in the three months to end-September compared to the same period in 201...
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