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MARKET WRAP: JSE closes lower as the all share falls 0.61%

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Markets are closely monitoring the events leading up to the G20 summit amid uncertainty over the US and China burying the hatchet over trade

The JSE closed lower on Thursday, with platinum miners and banks faring worst.

Despite expressing optimism that a trade deal could be reached, US President Donald Trump has also said the US could add more tariffs against China if the two countries are unable to find common ground. Gold fell 0.23% to $1,405.64/oz after breaking its winning streak on Wednesday. It is, however, still on track for its best month in three years. Platinum was down 0.97% to $808.61. Brent crude had gained 0.27% to $66.38 a barrel, boosted by growing tension between Iran and the US.

 

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