JSE poised for strong open on Monday
Buoyed by optimism about a trade deal between the US and China, the Shanghai Composite index was 3.2% up in late morning trade
The JSE could make a strong start to the week thanks to optimism that the world’s two largest economies are closing in on a trade deal. The Wall Street Journal reported on Sunday that the US and China were in the final stage of striking a deal. Beijing was offering to lower tariffs on certain US goods, while Washington was considering an end to the sanctions it imposed on certain Chinese products, the newspaper said. The Shanghai Composite index was 3.2% up in late morning trade, while Hong Kong’s Hang Seng index was 1.4% up. Tokyo’s Nikkei 225 index was 1.1% higher. JSE heavyweight Naspers looks set to get a boost from its main asset, Tencent, which was 1.8% up in Hong Kong. BHP Group was 1.2% higher in Australia. The busy reporting period continues on the JSE on Monday, with Bidvest, Hulamin, RCL Foods, Rolfes Holdings, Stadio Holdings and MAS Real Estate due to publish results. RCL Foods said in February that it expected headline earnings per share (HEPS) for the six months to en...
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