The JSE closed a little lower on Thursday, as gloomy local and international data weighed on sentiment, and shares reacted to a weaker rand.
The local currency broke through R14.50/$, weakening overnight on Wednesday after British MPs rejected a no-deal Brexit. This sent the rand to a four-month low against the pound, which has been boosted by the decreased likelihood that the UK could crash out of the EU without a deal. Earlier, Chinese data was disappointing, with industrial production falling to a 17-year low in January. US President Donald Trump also said on Wednesday he is “in no rush” to make a trade deal with China, Dow Jones Newswires reported.
The Dow was up 0.14% at 25,665.87 points while in Europe the FTSE 100 and DAX 30 were flat; the CAC 40 had gained 0.58%.Exxaro gained 4.33% to R156.49. It said earlier that revenue rose 12% to R25.5bn in the year to end-December, with the miner reporting record sales, export and production volumes.
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