MARKET WRAP: JSE subdued as trade tension weighs on markets

  • 📰 TimesLIVE
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 59%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Meanwhile, local GDP grew 3.1% in the second-quarter from a contraction of 3.1% in the first quarter

Shortly after the JSE closed, the Dow was down 1.40% to 26,033.76 points. In Europe, the FTSE 100 lost 0.37%, France's CAC 40 0.48% and Germany's DAX 30 0.24%.

“The SA economy remains in a fragile state, operating against a backdrop of subdued activity and persistently low business confidence. That continues to weigh heavily on future growth prospects, with GDP unlikely to be higher than 0.7% for the year,” Investec economist Lara Hodes said. Gold was up 1.14% to $1,546.50/oz and platinum 2.68% to $955.98. Brent crude lost 1.64% to $57.64 a barrel.

Cashbuild gained 1.28% to R238 after the building material retailer said on Tuesday that its operating profit increased 3% in the yTFG climbed 5.9% to R157.63 after the retailer declared a dividend of R4.50 in the first 21 weeks of the 2020 financial year, an increase of 4.7%.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 28. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MARKET WRAP: JSE closes lower as China lodges WTO complaintAbsa manufacturing purchasing managers’ index declined to 45.7 index points in August from 52.1 previously
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: JSE subdued as trade tension weighs on marketsMeanwhile, local GDP grew 3.1% in the second-quarter from a contraction of 3.1% in the first quarter
Source: BDliveSA - 🏆 12. / 63 Read more »

Joburg plants seeds of hope in R144m informal trader market upgradeAt 21, Bonga Mbucane is the youngest trader at the People's Market in City Deep, Johannesburg, where he sells lemons at what was once his mother's stall.
Source: TimesLIVE - 🏆 28. / 59 Read more »

Residential market could be halfway through its slumpThe luxury housing market is suffering the most, estate agents say
Source: BDliveSA - 🏆 12. / 63 Read more »

Residential market could be halfway through its slumpThe luxury housing market is suffering the most, estate agents say
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: JSE subdued as trade tension weighs on marketsMeanwhile, local GDP grew 3.1% in the second-quarter from a contraction of 3.1% in the first quarter
Source: BDliveSA - 🏆 12. / 63 Read more »