JSE lifts marginally as US-Mexico deal bolsters sentiment
Risk-on trade as a result of an immigration deal between the US and Mexico continues to buoy equities, although risk events loom
11 June 2019 - 10:46
The JSE continued to benefit from Mexico's agreement to radically overhaul its immigration system in the wake of US demands on Tuesday, with diversified miners faring best.
Mexico's agreement to try to stem illegal immigration into the US has boosted sentiment so far this week. However, the prospect of an escalation in the US-China trade war continues to threaten sentiment, with US President Donald Trump on Monday reiterating threats to impose further tariffs on China should President Xi Jinping not attend a Group of 20 (G20) summit later in June.
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