The JSE, which edged lower last week, could open slightly higher on Monday after data showed that the US economy grew faster than expected in the first quarter. On Friday, a data release showed that the US economy grew 3.2% in the three-month period, well ahead of expectations of 2.3%. The S&P 500 gained 0.5% on the day to reach a record high, even though investors held concerns that consumer spending in the world’s biggest economy had slowed for a third consecutive quarter, suggesting that growth momentum could ease up. While the Shanghai Composite was flat on Monday, Hong Kong’s Hang Seng index was 0.8% higher and Singapore’s STI index was 0.9% up. Korea’s Kospi index rose 1.2%, while Japanese markets are closed for 10 days. Naspers-associate Tencent was 1.5% up in Hong Kong, suggesting a stronger opening for Africa’s largest public company, while JSE heavyweight BHP Group rose 0.6% in Australia.

JSE-listed investment holding company Trematon Capital Investments is due to re...

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