MARKET WRAP: JSE boosted after ECB unleashes stimulus

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Mining production increased by 2.4% year-on-year in July, from a contraction of 4.2% in June

The JSE closed higher on Thursday, tracking most global markets after the European Central Bank announced efforts to boost economic activity.

Shortly after the JSE closed, the Dow was up 0.19% to 27,187.43 points. The FTSE 100 lost 0.15%, while France’s CAC 40 added 0.13% and Germany’s DAX 30 0.12%. At 5.17pm, the rand had firmed 0.56% to $14.5987/$, 0.29% to R16.118/€, and 0.62% to R17.9889/£. The euro had firmed 0.27% to $1.104. The JSE all share rose 0.96% to 56,781.90 points and the top 40 0.81%. Banks gained 2.47% and platinum miners 5.76%.

 

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