21 November 2019 - 19:19The JSE was lower on Thursday with global equities in negative territory as the US and China aggravate market fears that the prolonged trade war may drag on.
Earlier, the Shanghai Composite fell 0.25%, Hong Kong’s Hang Seng 1.57% and Japan's Nikkei 225 0.48%. “Regarding future risks, despite past ‘shocks’ which sapped the rand, recent evidence has shown that inflation has nevertheless still declined, indicating how weak the cost transmission mechanism has become in changed economic circumstances,” said Raymond Parsons, economics professor at the North West University Business School.
The R2030 government bond was weaker with the yield rising one basis point to 9.075%. Bond yields move inversely to their prices. Hospitality Property said on Thursday that rental income decreased 3% to R335m in the six months to end-September. Its share price fell 1.3% R7.60.
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