MARKET WRAP: JSE subdued as trade tension weighs on markets

📆 03/09/2019 20:53:00
📰 BDliveSA

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

The JSE closed flat on Tuesday, while most global markets remained in negative territory as the US and China struggle to find common ground as the trade war drags on.

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%. At 5.29pm, the rand had firmed 0.69% to R15.1471/$, 0.72% to R16.6076/€ and 0.56% to R18.3002/£. The euro was flat at $1.0964.

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