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MARKET WRAP: JSE closes lower as ECB rate decision weighs on European stocks

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MARKET WRAP | JSE closes lower as ECB rate decision weighs on European stocks

Producer inflation for June increased 5.8% year-on-year from 6.4% in May, in line with expectations, according to a Trading Economics consensus.

Gold had fallen 0.51% to $1,417.93/oz and platinum 0.66% to $871.19. Brent crude added 1.27% to $63.86 a barrel. Anglo American gained 1.03% to R381.78. The diversified miner said on Thursday that it plans on returning $1bn to shareholders through a share buyback programme. Vodacom fell 1.58% to R113.53 despite saying on Thursday that group revenue in the quarter to end-June rose 4.2% to R21.5bn and service revenue 3.9% to R1.4bn.

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