Broad-based gains lift JSE as Naspers jumps 2%
Optimism over US-China trade talks, as well as positive Chinese data, has led to global interest in risk assets on Wednesday morning
The JSE pushed higher in broad-based gains on Wednesday morning, amid a positive tone on global markets. Reports suggested that the US and China were quite close to a deal, with only a few sticking points remaining as talks resumed in Washington on Wednesday. Chinese data this week has also been upbeat, with a gauge of activity in that country's services sector earlier rising to a 14-month high, according to Dow Jones Newswires. Local data was a little less positive, with the Standard Bank purchasing managers' index falling to 48.8 points in March, a decline from February's 50.2. At 10am the all share was up 0.92% to 57,686.2 points and the top 40 0.95%. The resources index added 1.13%, gold miners 1.02% and industrials 0.96%.
Platinum had risen 1.35% to $860.63/oz while gold was flat at $1,291.33. Brent crude was up 0.49% to $69.78 a barrel. The rand had firmed 0.69% to R14.1172/$, boosted by the improved global mood. The Turkish lira, however, was under pressure, as tension ...
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