The JSE was a little higher on Tuesday morning, with miners faring best, despite an air of caution on global markets. Brexit, the US-China trade war and US monetary policy are all on traders's radars this week. Wednesday sees the resumption of trade negotiations between the US and China, as well as the first US Federal Reserve federal open market committee meeting in 2019. At 10am the all share was up 0.23% at 53,888.5 points and the top 40 was 0.28% higher. Gold miners had added 1.87%, banks 0.6%, the resources index 0.58% and financials 0.3%. Food and drug retailers were down 0.13% and general retailers 0.11%. Gains in the banking index were largely due to Absa, which was up 2.72% to R180.39. Earlier it said its long-time CEO Maria Ramos would depart at the end of February, retiring at age 60. Much of the caution on global markets has been prompted by the imposition of criminal charges against Chinese tech-giant Huawei, which stances accused of sanctions-busting in Iran. Some anal...

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 helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now