Money SA economy
The JSE was weaker across the board at midday in line with global markets as poor US economic data ignited uncertainty and renewed fears about global economic recovery.
By 12.04am local time the JSE all share index was down 0.72%, with resources down 0.83%, gold miners losing 0.70% and platinum stocks sliding 1.91%. Banks fell 0.90%, financial counters shed 0.68% and industrials were down 0.63%. Gold was quoted at $1 230.42/oz from $1 234.33/oz at the JSE's previous close, while platinum was at $1 518.50/oz from $1 525.50/oz before.
An equities dealer said on the local market there has been a shift from risky equities to bonds, which are traditionally safer. Retailers, banks and platinum miners were much weaker.
Dow Jones Newswires reported that Asian stock markets were mostly lower after Wall Street tumbled on data indicating the US jobs market remains bleak, while the yen's strength continued to drag exporters' stocks in Tokyo.
However, in London, the FTSE100 was last 0.55 stronger and Dow futures were last down 10 points.
On the JSE, Anglo American lost R2.95 or 1.09% to R266.65, and Sasol shed R4.49 or 1.58% to R279.96, but BHP Billiton rose 22 cents to R206.37.
