Money SA economy
The JSE started Friday in the black tracking a late rally on Wall Street overnight.
At 09.20am the JSE all share index gained 0.65%, with resources up 1.29%, gold miners picked up 1.28% and platinum miners firmed 0.58%.
Banks pocketed 0.28%, financials found 0.42% and industrials were flat, up 0.10%.
Gold was quoted at $1,113.34 a troy ounce from $1,102.22 at the JSE's last close. Platinum was at $1,613.50/oz from $1,586/oz at the JSE's last close.
"The Dow saw a turnaround last night, and markets are mostly following Wall Street's lead this morning, although Asia is mixed. Gold is slightly firmer."
Dow Jones Newswires reported that European stocks are expected to open higher Friday, following the late session rally on Wall Street. Ben Potter at IG Markets calls London's FTSE 100 up 16 at 5,633, Frankfurt's DAX up 23 at 5,952 and Paris's CAC-40 up ten at 3,939.
Shares in Asia were mixed with developers in China weak on caution over potential for monetary tightening measures, but weaker JPY supported Japan exporters. Nikkei was up 0.8%, but the Hang Seng traded 0.31% down.
