Money SA economy
The JSE was weaker in midday trade in line with global markets in the wake of a poor start to the US earnings season and continuing concerns about Greece's debt situation.
By 12pm the JSE all share index was down 0.43%, with resources 0.98% lower, platinum miners 1.81% softer and gold miners down 1.99%. Banks were flat (-0.01%), financials 0.07% weaker and the industrial index down 0.06%.
Gold was quoted at $1,150.09/oz from $1,162.05/oz at the JSE's last close. Platinum was at $1,708.50/oz from $1,733.50/oz at the JSE's last close.
A local trader said the JSE was weaker in line with overseas markets, with platinum and gold miners in particular coming under pressure amid lower metal prices.
Dow Jones Newswires reported that European stocks were flat to slightly lower Tuesday as investors braced for more earnings news following a disappointing start to the U.S. reporting season.
Asian markets ended mostly lower on Tuesday as technology shares fell broadly on caution ahead of Intel's earnings report.
Meanwhile, US stocks are expected to open down Tuesday, despite the Dow Jones Industrials Average closing above the significant 11,000-level.
On the JSE, Anglo American was 40 cents softer at R328.10 and BHP Billiton eased 218 cents to R251.50. Sasol was R4 or 1.3% lower at R303.
