JSE retreats on global growth concerns
Central banks in Europe and the US add to worries that global economic growth is cooling
The JSE, which has climbed 10.8% so far this year, gave up some of those gains on Thursday morning as global sentiment soured on concerns about the state of major economies. On Wednesday, central banks in Europe and the US added to worries that global economic growth is cooling. Both monetary authorities kept rates on hold, and the European Central Bank (ECB) warned of slower growth in the region. Meanwhile, US President Donald Trump threatened new tariffs on imports from the EU. This comes as the US is said to be close to finalising a trade deal with China. Asian stocks were lower on Thursday, with the Hang Seng Index down 0.9% and the Shanghai Composite 1.6% lower. At 10.40am, the JSE all-share index was 0.7% down at 57,991 points, with the top-40 index 0.8% lower. Declines were registered across the board, with retailers among the biggest losers. JSE-heavyweight Naspers was 1.3% down at R3,554.40, even though Tencent was up in Hong Kong. BHP Group was 0.6% lower at R351.48. Reta...
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