Miners lead JSE lower as market eyes US earnings
A firmer rand and softer commodity prices are weighing on local miners, but trading is expected to be subdued this week as Friday is a holiday
The JSE was weaker on Monday morning, with miners under the most pressure. Global markets were mixed, however, and the local bourse was lower despite some positive sentiment towards equities. The rand was slightly firmer, with sentiment boosted a little by signs of progress in the US-China trade war, as well as positive Chinese data earlier. Global focus is on US corporate earnings season, with major companies from a raft of sectors set to report their results this week. On Friday, upbeat corporate earnings reports from some major banks helped send the Dow 1% higher.
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