Money SA economy
The JSE ended in the red on Thursday amid negative sentiment in the US, while Greece's fiscal concerns also returned to haunt markets.
The JSE all share index closed down 0.40%, with platinum miners 2.44% lower and resources 0.36% softer. Gold miners added 0.29%. Banks were 0.44% softer, financials also shed 0.44% and the industrial index moved down 0.43%.
Gold was quoted at $1,136.36/oz from $1,145.90/oz at the JSE's last close. Platinum was at $1,733.50/oz from $1,725/oz at the JSE's last close.
A local equities trader said: "The JSE is tracking sovereign debt concerns in Europe, with Greece back in the news, while in the US markets are lower amid some poor company results."
Dow Jones Newswires reported that US stocks opened lower on Thursday as earnings tripped up the technology sector and worries resurfaced over the size of Greece's budget deficit.
Meanwhile, fresh concerns over Greek debt were reignited after the Eurostat statistics agency raised the debt-ridden country's deficit to 13.6% and said it may be revised higher by as much as half a percentage point.
Still to come on Thursday, existing home sales data will be released at 10 a.m. EDT and President Barack Obama will urge Wall Street to support financial reform in a speech at Cooper Union, a college in New York, at 11:55 a.m., EDT.
