The JSE was flat on Thursday as gains in general retailers, gold miners and banks were offset by Naspers. Interest rate-sensitive shares, such as banks and general retailers, fared best on the day, as fewer interest rate increases in the US could give the Reserve Bank room to keep rates on hold. An air of caution returned to global markets on Thursday, amid some doubts as to the timing of any US-China trade deal. Progress in mid-level talks between the two countries had bolstered the market earlier in the week, but analysts cautioned a final deal still seemed some way off. The all share added 0.09% to 53,271 points and the top 40 0.05%. General retailers gained 1.71% and banks 1.55%. The resources index lost 0.84%. The US Federal Reserve minutes showed a dovish stance from policy makers on Wednesday, indicating that Fed officials are prepared to keep rates on hold until there is greater clarity on what risks global growth faces. Forthcoming event risks include the release of the US ...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now