Banks made a strong recovery on Friday after a difficult week, with Absa leading gains among the big fourThe JSE capped its best day in more than six months on Friday after US President Donald Trump said the US and China are close to signing the first phase of a trade deal.giving investors hope that the uncertainty around the year-and-a-half-long trade war would be put to rest.
“The outcome of the snap UK general election provides a strong political mandate for the now re-elected Conservative Party government to pass the necessary legislation through parliament in time to leave the EU formally on January 31 and to initiate the first phase of Brexit,” said North West University professor Raymond Parsons. “Britain will then move into transition, during which its EU membership will, nevertheless, in effect continue in terms of the negotiated withdrawal agreement.
had weakened 0.31% to R14.5389/$, 0.27% to R16.1791/€ and 1.53% to R19.3851/£. The euro was flat at $1.1127. Gold was 0.53% higher at $1,477.47/oz while platinum had fallen 1.72% to $926.63. Brent crude added 0.82% to $64.87 a barrel.
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