Money SA economy
The JSE opened in negative territory on Monday tracking softer markets in Asia, with US futures also slightly lower.
At 9.18am the JSE all share index shed 0.79%, with resources off 1.04%, while gold miners and platinum miners both declined 0.89%. Banks wavered 0.94%, financials shipped 0.77% and industrials were 0.56% weaker.
The rand was bid at R7.39/$, from R7.37/$ at the JSE's close on Friday. Gold was quoted at $1 106.41/oz from $1 110.02 at the JSE's last close. Platinum was at $1 606/oz from $1 616.50/oz at the JSE's last close.
A local equities trader said: "Asia is weaker and US futures are a tad off.
"Metals haven't done too much from their weekend levels and volumes are quite thin this morning, all-culminating in a soft start for local stocks."
Dow Jones Newswires reported that European stocks are expected to open just a tad lower Monday, said Ben Potter at IG Markets.
He pointed to lacklustre commodity prices dominating and weighing on Europe's main markets. He noted continued focus on China and its attempt to rein in the economy, which may dampen commodity prices.
Potter called London's FTSE 100 down four points at 5622, Frankfurt's DAX down seven at 5938 and Paris's CAC-40 down 12 at 3915.
The European economic agenda is light, although data from the US could help with direction. US Empire manufacturing data are at 12:30 GMT, followed by industrial production at 13:15 GMT.
