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MARKET WRAP: JSE weakens despite some post-election support

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MARKET WRAP | JSE weakens despite some post-election support

Analysts say the peaceful election has now created an expectation that promised pro-growth reforms will be implemented by the governing party. Geopolitical risks, including the US-China trade war, are still expected to serve as headwinds for the local currency.

A prolonged improvement for equities will only occur once there is evidence of more ethical governance within the state, as well as the implementation of pro-business policies. Gold was up 0.92% to $1,297.56 an ounce while platinum had lost 0.95% to $854.87. Brent crude was 0.57% higher at $71.16 a barrel.

 

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