The JSE ended the week lower on Friday, tracking most global markets as traders remained cautious after conflicting reports regarding the US-China trade war.Peter Navarro said there was no agreement to withdraw tariffs on Chinese imports. That contradicted earlier reports that the two countries had agreed to roll back tariffs as part of a partial trade truce, which is expected to be signed in December.
Shortly after the JSE closed, the Dow was down 0.24% to 27,607.23 points. In Europe, the FTSE 100 lost 0.63%, France's CAC 40 0.12% and Germany's DAX 0.33%. However, at 5.16pm, the rand had weakened 0.48% to R14.8119/$, 0.26% to R16.3323/€ and 0.46% to R18.9817/£. The euro had weakened 0.22% to $1.1026.
The JSE all share fell 1.51% to 56,617 points and the top 40 1.59%. Industrials fell 1.91% and gold miners 3.43%. Tiger Brands gained 6.23% to R234.50. The packaged-goods company said on Friday that it was considering disposing of its value-added meat products business.How to use markets tools and data on BusinessLIVE
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JSE gains as global market sentiment improvesLocally, Statistics SA is set to release manufacturing production for September later in the day
Source: BDliveSA - 🏆 12. / 63 Read more »
Opec chief sees upside potential for oil market in 2020Oil outlook is looking brighter than expected, says secretary-general Mohammad Barkindo
Source: BDliveSA - 🏆 12. / 63 Read more »
Dis-Chem gains market share as store rollout continuesGroup revenue grew 13.2% during its six months to end-August, boosted by new outlets and its acquisition of a wholesaler
Source: BDliveSA - 🏆 12. / 63 Read more »
New SA-developed lift app hits the marketThe lifti service is a more affordable e-hailing app aimed at younger, budget-conscious commuters Won’t be surprised to see a global trademark infringement claim from “Lyft”
Source: BDliveSA - 🏆 12. / 63 Read more »
Market data — November 7 2019Market data including bonds, unit trusts and fuel prices
Source: BDliveSA - 🏆 12. / 63 Read more »
New SA-developed lift app hits the marketThe lifti service is a more affordable e-hailing app aimed at younger, budget-conscious commuters
Source: BDliveSA - 🏆 12. / 63 Read more »