Money SA economy
The JSE was only a tad lower in midday trade on Friday ahead of key US nonfarm payrolls data.
By 12pm the JSE all share index declined 0.11%, with resources down 0.66%, and platinum miners down 0.78%. Gold miners lost 1.76%. Banks were 0.76% stronger, financials added 0.38%, and industrials were 0.17% firmer. Gold was quoted at $1,202.59/oz from $1,216.05/oz at the JSE's previous close. Platinum was at $1,541.50/oz from $1,546/oz at the JSE's last close.
"Its pretty quiet ahead of US nonfarms which is forecast to come in a lot better, but lets wait and see," said a local equities trader.
Dow Jones Newswires reported that US stocks are set to open a little higher on Friday as traders' position themselves ahead of the key nonfarm payrolls report at 1230 GMT, said David Morrison of GFT.
European Stocks remain firm ahead of the US employment data.
Asian stock markets were mixed on Friday, with buying interest modest in some markets as caution prevailed ahead of crucial US jobs data due later in the day while investors remained concerned about China's economic growth.
On the JSE, Anglo added 8 cents to R293.45 but BHP Billiton lost R1.87 to R205.54. Sasol gave up a mere 13 cents to R280.33.
