JSE tracks weaker global markets, with Naspers down 2%
US markets closed weaker on Tuesday, snapping a six-day winning streak, weighing on Asian markets on Wednesday
12 June 2019 - 10:33
The JSE was weaker on Wednesday morning, in line with global equity markets, as sentiment cooled after recent sessions of gains.
Global markets have been buoyed by expectations of dovish US Federal Reserve monetary policy, but the market was starting to feel somewhat tired, said Nedbank Corporate and Investment Banking analysts in a note. Foreign trade remained concentrated in Naspers...
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.