Money SA economy
The JSE was marginally higher on Tuesday, eyeing tentative global markets and a "mixed bag" of local corporate results.
At 9.17am the JSE all share index was 0.15% firmer, with resources up 0.13%, platinum miners 0.41% firmer, but gold mining shares down 0.41%. Banks and financials added 0.34% and 0.36% respectively, while industrials were flat (+0.05%).
Gold was quoted at $1 117.51/oz from $1 115.21/oz at the JSE's last close, and platinum was at $1 540.50/oz, from $1 532.50/oz at the bourse's previous close.
A local trader said the local company results released this morning were a bit of a mixed bag, and with global markets also mixed, the JSE was in a wait and see mode in early trade.
The trader added that Dow futures were looking slightly positive, but apart from that the JSE was waiting for the European markets to get into full swing.
Dow Jones Newswires reports investors have shifted into "wait and see" mode, pending more developments on the Greek debt situation and the US Federal Reserve's monetary outlook.
European bourses may test higher Tuesday, though Greece's debt difficulty serves as a reminder to go easy on risk-taking.
Asian share markets are mixed Tuesday, with banks' fundraising plans weighing on China while disappointing corporate earnings hurt the Australian market.
