Money SA economy
The JSE was straight into the red on Thursday morning amid profit taking on the local bourse.
At 9.17am the JSE all share index was down 0.54%, with resources 0.73% softer, the gold mining index shed 0.42% and platinum miners were 0.53% worse off. Banks declined 0.72%, financials slipped 0.60% lower, and industrials dropped 0.34%.
Gold was quoted at $1 134.76/oz from $1 126.74 at the JSE's last close. Platinum was at $1 568/oz from $1 565/oz at the JSE's last close.
A local equities trader said: "The local market has had a few strong days, so we have seen some profit taking this morning already. Metal prices are off their highs," she said, adding that both Asia and US futures also pointed downwards.
Markets are also expected to track an ECB rate decisions in the UK, with initial jobless claims out in the US later, the trader said.
Dow Jones Newswires reports that European stocks are called to open lower Thursday following a late sell-off on Wall Street, says Cameron Peacock at IG Markets. Calls FTSE 100 down 29 points at 5504.
In Asia, regional stocks were mostly lower with mining stocks supporting Australian market though investors in China, Hong Kong were cautious ahead of Chinese parliament's key annual meetings Friday.
