JSE faces weak start on Friday
Stable rand and softening commodity prices set to be behind subdued trading
The JSE looked set for a subdued day of trading on Friday, having to contend with a stable rand and softening commodity prices. Asian markets were mixed on Friday morning, with investors digesting signs of slowing global growth and the prospect of renewed trade tensions, this time between the EU and the US. US President Donald Trump has threatened tariffs on $11bn worth of EU goods citing subsidies to aircraft manufacturer Airbus. Markets in mainland China were lower after reports that the Chinese government was growing concerned about the pace of a recent equity rally, and may pare recent stimulus. At 6.20am SA time the Shanghai Composite was down 0.36% and the Hang Seng 0.44%, while Japan's Nikkei was up 0.44%. The rand was mixed, up 0.17% to R13.9843/$ but down 0.14% to R15.7871/€. It was flat at R18.2788/£. Gold and platinum were flat at $1,291.98/oz and $892.38 respectively. Brent crude was flat at $70.98 a barrel. The JSE all share needs to give up 0.71% on Friday in order to ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.