MARKET WRAP: JSE in broad-based recovery amid Chinese stimulus

News that China had lowered credit costs for local businesses helped boost local markets, with diversified miners faring best on the daySigns that the governments of China and Germany are prepared to meet their respective economic slowdowns with stimulus measures helped lift the JSE on Monday, with the local bourse recovering almost 1%.

There was a chance that stimulus measures, along with a stabilisation of the US-China trade-war situation, could provide a “springboard” for equities, but sentiment remained tenuous, said Vanguard Markets managing partner Stephen Innes in a note. Gold was down 0.82% at $1,500.87/oz while platinum had added 0.72% to $855.99/oz. Brent crude was 0.99% higher at $59.24 a barrel.

City Lodge slipped 1.56% to R93.52, extending its 2.56% loss on Friday, which followed its announcement that full-year net profit fell 26% to end-June.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Salt River market vendors on brink of losing it allCustomers and the community are furious after the municipality gave the green light for demolition of what some refer to as a heritage site.
Fuente: eNCA - 🏆 49. / 51 Leer más »

Retailer Choppies plans to exit SA marketBudget retailer says closing its 88 stores in the country is an appropriate strategic decision
Fuente: BDliveSA - 🏆 12. / 63 Leer más »

Sasol results delay wipes R8bn off its market valueIn case you missed it | Sasol results delay wipes R8bn off its market value 🔒
Fuente: BDliveSA - 🏆 12. / 63 Leer más »

‘Egos’ behind drop in Old Mutual’s market valueAdvocate Dali Mpofu tells high court that board members 'put egos ahead of fiduciary duty'
Fuente: BDliveSA - 🏆 12. / 63 Leer más »

Retailer Choppies plans to exit SA marketBudget retailer says closing its 88 stores in the country is an appropriate strategic decision
Fuente: BDliveSA - 🏆 12. / 63 Leer más »