Money SA economy
The JSE remained weaker at noon on Wednesday, taking strain after global markets edged down on the back of disappointing economic data from China and Japan.
By 12.09pm local time the JSE all share index had declined 0.48%. Gold miners rose 1.55%, but resources edged down 0.85% and platinum miners fell 0.46%. Banks added 0.30%, but financials lost 0.08%, and industrials weakened 0.30%. Gold was quoted at $1,196.52/oz from $1,194.74/oz at the JSE's previous close, while platinum was at $1,537.50/oz from $1,540.50/oz before.
A trader said the local market maintained some weakness, as negative news from Japan and China weighed on sentiment.
"There is nothing to put the spark on the market as investors did not react much to the Fed statement yesterday," the trader said.
European stock markets pushed lower on Wednesday, with market participants showing a degree of caution after the Federal Reserve on Tuesday downgraded its outlook for the health of the world's largest economy.
On the JSE, Anglo American Plc lost R5.40 or 1.92% to R275.90, and BHP Billiton fell R3.86 or 1.71% to R222. But Sasol gained R1.98 to R292.35.
