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MARKET WRAP: JSE closes lower as US politics weigh on global equities

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The government’s total gross loan debt increased to 58.3% of annual GDP as of June 30 2019, according to data from the Reserve Bank

The JSE closed lower on Wednesday, in line with most global markets, as talks of the potential impeachment of US President Donald Trump weighed on investor sentiment.

Shortly after the JSE closed, the Dow had added 0.52% to 26,946.54 points. In Europe, the FTSE 100 was down 0.11%, France’s CAC 40 0.92% and Germany’s DAX 30 0.7%.Locally, the The benchmark R186 government bond was weaker, with the yield rising 7.5 basis points to 8.345%. Bond prices move inversely to bond yields.

 

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