Money SA economy
The JSE was flat in moribund midday trade on Wednesday in line with global markets.
The focus for the remainder of the session is on economic data from the US and the UK Budget later today which might provide some direction either way.
By 12pm the JSE all share index was off 0.10%, with resources flat (0.04%). Gold miners were also flat (-0.09%) while platinum miners were 0.24% firmer.
Banks slipped 0.17%, financials were flat (-0.04%) and industrials were down 0.27%.
Gold was quoted at $1,095.30/oz from $1,100.92/oz at the JSE's last close. Platinum was at $1,590.50/oz from $1,602.50/oz at the JSE's last close.
"We had a good start this morning after a strong showing by the US markets overnight, but we've come off a bit since then and are now flat, much in line with global markets. US futures are also a bit lower.
"But we've got some data coming from the US later today, so we will have to see what happens," a local equities trader said. Traders said the market was unmoved by consumer inflation data for February which was much in line with expectations.
Dow Jones Newswires reports that European stocks were modestly higher Wednesday, supported by hopes that the euro zone is close to reaching a compromise deal to help Greece.
In Asia, stock markets were flat to higher Wednesday, supported by gains on Wall Street, while Nintendo surged in Tokyo after saying it would release a new 3-D games console.
On the JSE, Anglo American was R1.80 firmer at R301.70 but Billiton was 80 cents worse off at R245.65. Sasol was unchanged at R282.
