MARKET WRAP: Gains by gold and platinum miners fail to buoy JSE

The all share fell 0.14% to 58,012.2 points and the top 40 0.25%. Banks fell 1.13% and general retailers 0.65%. Gold miners added 1.68% and the platinum index 1.42%. Gold was up 0.16% to $1,420.16/oz and platinum 0.98% to $841.91.

The Dow was up 0.26% to 26,786.68 points, while in Europe, the FTSE 100 had gained 0.67%, the CAC 40 0.66%, and the DAX 30 0.64%.he SA Chamber of Commerce and Industry’s business confidence index rose to 93.3 in June from 93.0 in May. The BCI has been below 95 for the past five months, and remains lower than it was a year ago. A full Sacci report containing details is expected on Friday.

The yield on the 10-year US treasury also fell below 2% for the first time in three years, amid concern that the US-China trade war may not resolve itself as quickly as hoped, and fears of an impending tariff war between the US and Europe. Harmony Gold firmed 3.66% to R31.42, Sibanye-Stillwater 2.54% to R16.15, and AngloGold Ashanti 2.07% to R250. Northam Platinum rose 3.67% to R62.16 and Royal Bafokeng 2.75% to R35.45.

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