MARKET WRAP: JSE closes higher despite US-China strife

The JSE closed higher on Thursday, with global markets undeterred by the continued tit-for-tat trade-tariff battle between the US and China.

Global markets shrugged off anxiety about the trade conflict on Thursday, however, with most gaining. Gold miners fell on the day with AngloGold Ashanti leading the losses, down 3.57% to R163.22. Sibanye-Stillwater dropped 3.19% to R11.52, Gold Fields 2.33% to R52.71, and Harmony Gold 2.79% to R22.26.

ICT group Datatec was up 0.47% to R32.15 after the company reported headline earnings of $1.6m for the year ended February, from a $41.3m loss in the previous year.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MARKET WRAP: JSE has worst week in 14 months amid US-China trade jittersBy the close of trade on Friday the JSE was down 4.31% for the week, falling every day to Thursday
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: Poor economic data pushes JSE to six-week lowEbbing fears about the US-China trade war failed to lift the local bourse, with Naspers falling after authorities blocked its bid to buy WeBuyCars
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: JSE weakens despite some post-election supportAn escalation in the US-China trade war put paid to earlier gains, with only banks and retailers avoiding the worst of the rout
Source: SundayTimesZA - 🏆 47. / 51 Read more »

MARKET WRAP: Rand firmer despite employment numbers6.2-million people in the country are actively looking for work.
Source: BDliveSA - 🏆 12. / 63 Read more »

Business Maverick: Stocks, Commodities Tumble as China Strikes Back: Markets WrapU.S. stocks and commodities tumbled after China retaliated with higher tariffs on a range of American goods. Treasuries jumped with the Japanese yen on demand for haven assets
Source: dailymaverick - 🏆 3. / 84 Read more »

Rand, bond market appreciate after elections declared free & fairChief economist at Efficient Group Limited Dawie Roodt said the financial market has reacted positively because re-election of the ruling party would come with some level of stability. Hopes are on oil to bond also not to forgot Eskom What about fuel
Source: ewnupdates - 🏆 30. / 53 Read more »

China's Premier underlines tax cuts to benefit enterprises, boost market vitality - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Chinese Premier Li Keqiang has called for more efforts to implement tax and fee cuts in a bid to let enterprises enjoy concrete benefits and further boost the vitality of market entities.
Source: SABC News Online - 🏆 32. / 51 Read more »

Uber valued at $82bn in IPO as market jitters and Lyft woes take a tollThe ride-hailing company's valuation is almost a third less than the $120bn its investment bankers predicted in 2018
Source: BDliveSA - 🏆 12. / 63 Read more »