News Formal

MARKET WRAP: JSE tracks firmer global markets as investors await Trump speech

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

Sverige Nyheter Nyheter

Markets really do seem to be trading as if in limbo, according to one analyst

The JSE tracked most global markets a little higher on Tuesday, with platinum miners faring best, while the US-China trade war continued to steal investor focus.

Markets really do seem to be trading as if in limbo, Rand Merchant Bank analyst Siobhan Redford said. “Every couple of weeks, some hope that a deal is nearby is injected into the market, only to be followed by news of continued friction. This time is no different.” The JSE all share ended the day 0.4% higher at 56,399.1 points and the top 40 added 0.47%. Platinum miners gained 3.4%, banks 0.67%, resources 0.58%, and food and drug retailers 0.55%. The SA listed property index fell 0.62%.Telkom leapt 6.68% to R66.14, despite having earlier said that headline earnings per share for the six months to end-September fellpartly due to its ramping up spending on its mobile offering.

Anglo American rose 0.73% to R386.98. Bloomberg reported earlier that the mining giant had dropped another hint that its days of mining the world’s most polluting fuel are limited.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

MARKET WRAP: JSE tracks weaker international marketsGlobal markets fall as Hong Kong protests turn more violent, while a US-China trade deal still looks some way off
Källa: BDliveSA - 🏆 12. / 63 Läs mer »

Fake rhino horns developed to flood illegal marketScientists hope that by creating these 'rhino horns', incidents of poaching could decrease.
Källa: eNCA - 🏆 49. / 51 Läs mer »

Rand firms a little as market awaits Donald Trump’s speechAll eyes are on the US president, who could spell out the future direction of the US-China trade war, in a speech later on Tuesday
Källa: BDliveSA - 🏆 12. / 63 Läs mer »

Market data — November 11 2019Market data including bonds, unit trusts and fuel prices
Källa: BDliveSA - 🏆 12. / 63 Läs mer »

MARKET WRAP: JSE tracks weaker international marketsGlobal markets fall as Hong Kong protests turn more violent, while a US-China trade deal still looks some way off
Källa: BDliveSA - 🏆 12. / 63 Läs mer »