MARKET WRAP: JSE edges higher on easing trade tension
China's agreement to resume soyabean imports from the US lifts Asian markets, while Brexit continues to pose a risk factor to global markets
The JSE gained for a third consecutive session on Thursday, amid improved sentiment due to cooling tension between the US and China. Local factors were once again in the driving seat, with activity subdued as businesses close for the forthcoming holidays. Major global risk events that remain include Brexit issues, and the US Federal Reserve's interest-rate decision next week. The JSE added 0.28% to 51,744.2 points, while the top 40 was flat. Industrials fell 0.28% and property stocks 0.36%. Gold and platinum miners both added 1.98%, and banks 0.93%. Trade in Naspers was choppy, with the market heavyweight giving up earlier gains to close 1.3% lower at R2,820.01. Diversified miners fared well, despite the euro weakening after European Central Bank (ECB) governor Mario Draghi said eurozone inflation was likely to be softer than expected in 2019, reported Dow Jones Newswires. Glencore rose 2.59% to R53.14 and Anglo American 2.64% to R303.46. Exxaro jumped 7.08% to R138.46 and Assore 3....
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