The JSE was higher on Wednesday, as more comments regarding the US-China trade war continued to lift global market sentiment. US President Donald Trump said on Tuesday that the US is in the “final throes” of working out a trade deal to end the 16-month-long spat.
At 5.18pm, the rand had firmed 0.36% to R14.7463/$, 0.57% to R16.2212/€ and 0.35% to R18.975/£. The euro had weakened 0.19% to $1.1001. Business confidence edged up to 26 points in the fourth quarter, from a 20 year-low of 21 in the previous one, according to data compiled by RMB and the Bureau for Economic Research at Stellenbosch University.
Among financials, Sanlam rose 1.33% to R78.32, Santam 1.4% to R290, Old Mutual 0.64% to R18.83, and Alexander Forbes 0.93% to R5.43.
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