JSE set for a strong start on Tuesday
The rand has been buoyed by increased risk appetite following new assurances from the EU on the Brexit deal
The JSE is poised for a strong start on Tuesday due to stock market rallies in the US and Asia. Overnight, the S&P 500 index closed 1.5% up and the Nasdaq Composite rose 2%. Weighed down by Boeing’s declines in the wake of the Ethiopian plane crash, the Dow Jones Industrial Average added 0.8%. US markets were boosted by gains in the technology sector and the release of upbeat local retail sales data, Anchor Capital said. The Shanghai Composite index was 1.6% higher in late-morning trade on Tuesday, buoyed by US stocks and optimism that the world’s two largest economies are making progress in their discussions towards a trade deal. Hong Kong’s Hang Seng index was 1.5% up at the lunch break. Tencent’s rise by the same amount bodes well for Naspers’s opening on the JSE. Japan’s Nikkei 225 index was up 2%. In Australia, where stocks were up 0.1%, JSE-listed BHP Group was up 1.5%. Meanwhile, JSE-listed financial services groups FirstRand and Quilter are due to report financial results on...
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