The JSE was lower on Thursday with banks leading losses, while global markets await the EU’s decision amid speculation that the it may give its verdict on a Brexit extension by Friday.
The European Central Bank opted to keep the deposit facility rate unchanged at -0.5% on Thursday, in line with market expectations. This marked ECB president Mario Draghi’s final policy announcement before handing over the reins to former International Monetary Fund head Christine Lagarde. Gold was up 0.7% to $1,502.19/oz, breaking through $1,500 for the first time in almost two weeks, and platinum added 0.51% to $925.06. Brent crude gained 0.61% to $61.41 a barrel.
The JSE all share fell 0.17% to 55,478.50 points and the top 40 0.24%. Banks fell 1.4% while gold miners gained 2.28%. Clicks rose 0.24% to R239.58. The retailer said on Thursday that its group turnover increased 7.2% in the year to end-August.
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