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Miners lead JSE lower as market eyes US earnings

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A firmer rand and softer commodity prices are weighing on local miners, but trading is expected to be subdued this week as Friday is a holiday

People walk near the reception at the Johannesburg Stock Exchange in Sandton, Johannesburg.Picture: SIPHIWE SIBEKO/REUTERSGlobal markets were mixed, however, and the local bourse was lower despite some positive sentiment towards equities.

Global focus is on US corporate earnings season, with major companies from a raft of sectors set to report their results this week. On Friday, upbeat corporate earnings reports from some major banks helped send the Dow 1% higher.

 

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