The JSE ended the week lower on Friday, tracking most global markets as traders remained cautious after conflicting reports regarding the US-China trade war.Peter Navarro said there was no agreement to withdraw tariffs on Chinese imports. That contradicted earlier reports that the two countries had agreed to roll back tariffs as part of a partial trade truce, which is expected to be signed in December.
Shortly after the JSE closed, the Dow was down 0.24% to 27,607.23 points. In Europe, the FTSE 100 lost 0.63%, France's CAC 40 0.12% and Germany's DAX 0.33%. However, at 5.16pm, the rand had weakened 0.48% to R14.8119/$, 0.26% to R16.3323/€ and 0.46% to R18.9817/£. The euro had weakened 0.22% to $1.1026.
The JSE all share fell 1.51% to 56,617 points and the top 40 1.59%. Industrials fell 1.91% and gold miners 3.43%. Tiger Brands gained 6.23% to R234.50. The packaged-goods company said on Friday that it was considering disposing of its value-added meat products business.How to use markets tools and data on BusinessLIVE
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