The JSE failed to track positive sentiment on global markets on Monday, as a weaker rand and falling oil price weighed on local miners. US President Donald Trump was giving the market much of its direction, with the price of oil coming under pressure after he tweeted his displeasure at rising oil prices. Trump had also tweeted overnight that further tariffs would not be imposed on Chinese goods on Friday, due to substantial progress made in negotiations at the weekend. This has averted the prospect of an escalation in tension between the world's two-largest economies. The Shanghai composite surged 5.6% on the news that Trump expected to meet his Chinese counterpart Xi Jinping in coming weeks. As the JSE closed, the rand was 1.04% stronger at R13.8287/$, making it the best-performing emerging market currency on Monday. The all share was down 0.21% at 55,878.2 points and the top 40 was 0.2% lower. The resources index fell 1.29% and gold miners 1.78%. Emerging markets had been eagerly ...

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