The JSE closed higher on Friday, led by gains in Naspers, with the all share posting its best monthly performance since April 2018.
Gold has firmed and the dollar has weakened as the market prices in US rate cuts. Gold is seen as a hedge against loose monetary policy. All eyes are now on the G20 summit in Japan this weekend, with US President Donald Trump and Chinese President Xi Jinping set to meet on Saturday to discuss trade issues. The US-China trade war has been a dominant factor in global markets for more than a year, and any developments at the meeting could prompt volatility in the rand.
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MARKET WRAP: JSE closes firmer but miners take a dipGlobal markets were mixed after US Fed officials downplayed the likelihood of a 50-basis-point rate cut at their next meeting
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MARKET WRAP: JSE closes lower as the all share falls 0.61%Markets are closely monitoring the events leading up to the G20 summit amid uncertainty over the US and China burying the hatchet over trade
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