JSE tracks positive global markets, as investors digest May's survival
UK leader Theresa May fended off a vote of no-confidence on Wednesday, but the slim nature of her victory continues to generate uncertainty
The JSE pushed higher on Thursday in broad-based gains, in line with buoyant global markets, as investors gauged the likelihood the UK will leave the EU without a deal. Sentiment is mixed on this, but Asian markets were higher, bolstered this week by signs of progress in the US-China trade war. At 10am the all share was up 1.26% to 52,249.1 points and the top 40 rose 1.33%. Industrials added 1.32%, banks 1.58% and general retailers 2.05%. The pound had weakened against the rand overnight, but gained in previous sessions as markets priced in UK Prime Minister Theresa May's survival of a no-confidence vote. May survived the vote, but the slim nature of her victory has prompted some analysts to factor in an increased chance of a hard Brexit. May in office offered the best chances of the UK striking a deal, but this still required wrangling further concessions from the EU, said Franklin Templeton's Steve Zahn. "The narrowness of her leadership victory suggests she might struggle to win ...
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