JSE trades weaker as market eyes new catalysts
It is a busy week in terms of corporate data and economic news, and volumes may be subdued by the Workers' Day public holiday on Wednesday
The JSE subdued on Monday afternoon, amid cautious trade ahead of a busy week for local data. Markets are watching for a string of global economic data releases this week, while interest-rate decisions are due from the US Federal Reserve on Wednesday, and the Bank of England on Thursday. Local activity may subdued by the shortened trading week, with markets closed on Wednesday for the Workers' Day public holiday. At 10am on Monday the all share had inched up 0.12% to 58,965.5 points and the top 40 was 0.24%. Gold miners added 0.46% and industrials 0.37%. Banks were down 0.57% and general retailers 0.45%. Gold was down 0.35% to $12,81.28/oz and platinum 0.24% to $897.16. Brent crude was 0.2% higher at $71.72 a barrel. Locally, balance of trade figures are due on Tuesday, while the Absa purchasing managers' index is due on Thursday. The PMI, which gauges activity in the manufacturing sector, fell for a third consecutive month to 45 points in March — indicating a contraction in the sec...
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