JSE firms as markets cheer Brexit developments
Risk-appetite has improved on news the EU has offered further Brexit concessions, improving the chances of an orderly exit
Assurances from the EU to the UK on Brexit bolstered global sentiment on Tuesday, with the JSE pushing higher in broad-based gains. The EU has said that the UK would have a legal means of exiting its customs union should the parties fail to come to terms on a new trade deal, a major sticking point for members of UK Prime Minister Theresa May's party. Asian markets were higher, and the pound rallied overnight, with all eyes on a crucial vote in the UK Parliament later. At 10.05am the all share was up 0.41% at 55,809 points and the top 40 0.49%, Industrials were up 0.53%, gold miners 1.45% and general retailers 0.38%. Gold was up 0.12% to $1,295/oz and platinum 1.25% to $830.05. Brent crude was 0.21% higher at $66.78 a barrel. Diversified miner Glencore was up 1.88% at R57.43. Rand hedge British American Tobacco had gained 1.014% to R577.68. FirstRand was up 1.18% to R62.85, having earlier reported that that normalised earnings in the six months to end-December rose 7% to R13.3bn, tha...
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