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MARKET WRAP: JSE closes firmer but gold miners see worst day in three months

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The US-China trade truce was well received by global markets, with the S&P 500 hitting a record high of 2,977 points

The JSE closed firmer on Monday as global markets rallied after the US and China agreed to resume trade negotiations, while gold miners had their worst day since March.

The rand reached its best level in three months during intraday trade at R14.03/$. Shortly after the JSE closed the rand had strengthened 0.13% to R14.0795/$, 0.51% to R15.929/€ and 0.53% to R17.8076/£. The euro was up 0.42% to $1,1313. The JSE all share rose 0.46% to 58,472.50 points and the top 40 0.51%. Industrials and financials gained 1.09% and 0.16%, respectively. Gold miners slumped 5.64%,its worst day in over three months.

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