MARKET WRAP: JSE slips ahead of data-heavy week

Shortly after the JSE closed, gold was down 0.49% to $1,279.55/oz, while platinum had fallen 0.93% to $890.96. Brent crude was up 0.81% to $72.16 a barrel.

Oil has been volatile recently, under pressure amid escalating tension between the US and Iran. Oil fell 3.61% on Friday, after US President Donald Trump tweeted that he had spoken to various major producers about increasing output. The Dow was flat at 26,567.09 points, while in Europe, the FTSE 100 had risen 0.3%, the CAC 40 0.22% and the DAX 30 0.12%.In the week ahead, local balance of trade figures are due on Tuesday, while the Absa purchasing managers' index is due on Thursday. The PMI, which gauges activity in the manufacturing sector, fell for a third consecutive month to 45 points in March — indicating a contraction in the sector.

Diversified miner Glencore recovered 0.71% to R58.16. It slumped 3.75% on Friday, amid reports that US authorities were investigating alleged corrupt practices related to its operations in Venezuela, Democratic Republic of Congo and Nigeria.Standard Bank gained 1.28% to R199.40. Reinet Investments gained 1.69% to R238.46. It said earlier that the net asset value of its main investment vehicle rose 24.7% in the three months to end-March 2019, compared to the same period in 2018.MTN fell 0.59% to R103.39 despite saying earlier its division in Ghana saw revenue growth of 21.9% year on year for the three months to end-March. Service revenue rose 21.9% compared with the same quarter a year before, as voice revenues climbed 20.3%, data revenues grew 22.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MARKET WRAP: JSE slips ahead of data-heavy weekVolumes on the local bourse were low on Monday, ahead of a busy week in terms of global economic news, as well as Wednesday's public holiday
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: JSE slips in risk-off trade but gold miners shineThe local bourse extended losses as US markets opened, with concerns over global growth weighing on equities
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: Only platinum and gold shine on the JSELocal banks and miners were pressured by a firmer dollar, while local data was also downbeat
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: JSE’s six-week winning run comes to an endThe JSE edged higher on Friday, but ended the week down, with banks faring best on the day after much higher-than-expected US GDP data
Source: BDliveSA - 🏆 12. / 63 Read more »

JSE trades a bit higher as market eyes new catalystsIt is a busy week in terms of corporate data and economic news, and volumes may be subdued by the Workers' Day public holiday on Wednesday
Source: BDliveSA - 🏆 12. / 63 Read more »

DATA SERVICES MARKET INQUIRY: Competition Commission: Mobile data market is anti-poorMobile data is more expensive in South Africa than comparative countries and the market lacks transparency and is anti-poor, said the Competition Commission on Wednesday.
Source: dailymaverick - 🏆 3. / 84 Read more »

CHRIS GILMOUR: The dangerous and murky shark tank of SA’s listed bond marketThe JSE has been reformed and stockbroker hooligans removed, but bond institutions lag behind
Source: BDliveSA - 🏆 12. / 63 Read more »