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MARKET WRAP: JSE bucks lower trend in Europe

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Resources and gold shares drive the bourse to a firmer close, with oil boosted by talk of Opec+ production cuts

The JSE ended firmer on Tuesday, outperforming its peers in Europe where the spectre of recession loomed large.

Gold counters also had a positive session on account of a higher gold price, which rose 0.87% to $1,750.13/oz.Opec+ could cut output to support prices in the case of returning Iranian crude and with the prospect of a drop in US inventories. At 7.10pm Brent was trading at 3.24% higher at $99.82 a barrel.

 

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