Picture: JSE
Picture: JSE

The JSE may take its lead from firmer Asian markets on Monday morning, while locally load-shedding is set to continue.

Asian markets seem to be following Wall Street, which benefited on Friday from Covid-19 vaccine hopes, said Oanda analyst Jeffrey Halley in a note.

Locally, news is less positive, with President Cyril Ramaphosa announcing the introduction of a 4am to 9pm curfew and the banning of liquor sales to contain Covid-19.

Load-shedding is also expected to continue this week.

In morning trade on Monday the Shanghai Composite was up 1.27% and the Nikkei 1.92%. Tencent, which gives direction to the JSE through Naspers, had firmed 0.27%.

Gold was up 0.3% to $1,803.30 an ounce while platinum had risen 1.77% to R837.60. Brent crude was 0.67% lower at $42.50 a barrel.

The rand was 0.2% firmer at R16.73 a dollar.

There is little on the local corporate economic calendar on Monday, with inflation and mining data due later this week.

Global focus is on corporate earnings reports and Covid-19 numbers.

gernetzkyk@businesslive.co.za

Would you like to comment on this article or view other readers' comments?
Register (it’s quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.