Money SA economy
The JSE followed global markets lower at the opening on Thursday, with US data a key focus for later in the day. However, losses on the local bourse were small.
"Yesterday we were strong compared with the rest of the market and this morning it doesn't look too bad. We ran quite hard towards the close yesterday and now we are seeing some consolidation," said a local equities trader.
At 9.19am the JSE all share index was off 0.27%, with resources off a marginal 0.11%, gold miners 0.13% softer and platinum miners 0.18% weaker. Banks were off 0.45%, financials eased 0.15% and industrials declined 0.34%.
Gold was quoted at $1 108.27/oz from $1 119.60/oz at the JSE's last close. Platinum was at $1 591/oz from $1 602/oz at the JSE's last close.
Dow Jones Newswires reported European stock markets are likely to see a bout of selling at a lower opening on Thursday.
Wall Street futures are falling this morning, after US stocks crept higher Wednesday, led by the financial sector, with Bank of America and J.P. Morgan Chase among the gainers. The
Dow closed up 3 points, the Nadaq added 18 points and the S&P500 added 5 points.
Asian stock markets are mixed on Thursday with several markets paring gains after Chinese economic data sparked fresh worries of further tightening measures from Beijing.
On the JSE, Anglo American declined 54c to R296 and BHP Billiton slipped 1c to R247.49. Sasol eased 39c to R286.61.
