An employee passes share price information displayed on an electronic ticker board inside the London Stock Exchange Group’s offices in London, the UK. Picture: BLOOMBERG VIA GETTY IMAGES/LUKE MACGREGOR
The world’s second-largest economy grew only 0.4% year on year in the second quarter, below expectations of a 1% rise, with Covid-19 restrictions weighing heavily on activity. In morning trade the Hang Seng was down 1.24% and the Shanghai Composite 0.24%, while Japan’s Nikkei had added 0.65%.Gold was flat at $1,708/oz while platinum had fallen 0.53% to $845. Brent crude was up 0.47% at $99.87 a barrel.The local corporate and economic calendars are bare on Friday, when the JSE needs to add about 5.3%, or 4,000 points, to reach last week’s close, which would be interesting.
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