MARKET WRAP: JSE edges lower ahead of the budget speech

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A spate of earnings reports from miners gave the bourse some direction, although all eyes are on Wednesday’s budget

 

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France Dernières Nouvelles, France Actualités

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JSE pushes higher as market eyes budget statementActivity is subdued as US markets are closed for a holiday, although optimism over the US-China trade talks is bolstering sentiment One wonders how the budget speech will be manipulated in such a way that provides for GEPF money to be taken whether the members like it or not. A warning though the GEPF can cease to exist if any money is used for SOEs. Members can take everything. That's a promise.
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JSE weakens as market warily prepares for budget speechTrade is expected to be cautious ahead of Wednesday's budget policy statement, with the JSE edging lower on Tuesday morning
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MARKET WRAP: Miners pull JSE higher but rand loses more than 3.6%/$ in the weekA rising oil price supports big diversified miners, with the JSE rising 2.6% in the week despite disappointing local and global economic data
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Italtile defies harsh trading conditions, and the market cheersThe tiles manufacturer brushed aside constrained consumer discretionary spend, high joblessness and consumer indebtedness
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