The JSE closed lower on Friday as investors sit on their hands ahead of a busy week of key events.
International markets were mixed, with most a little higher on optimism that the US and China will soon finally reach a deal in an attempt to end their 15-month trade war, which has had a deleterious effect on the global economy. Analysts say Mboweni has a difficult task ahead of him as weakening GDP growth, coupled with increased government spending and a higher national debt burden, leave him little space for comfort.
The JSE all share fell 0.61% on Friday with the top 40 relinquishing 0.54%. Industrials led the losses, down 1.4%, while gold miners rose 1.38% and resources 0.47%.
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