Money SA economy
The JSE opened in positive territory on Tuesday, supported by firmer metals prices and stronger Dow futures.
Although Asian markets were mixed, European stocks are seen opening higher as global sentiment picks up with some progress on the Greece debt issue and less concern about China's tightening plans.
By 9.18am the JSE all share index had added 0.39%, with resources collecting 0.57%, gold miners firming 0.73% and platinum miners advancing 0.58%. Banks were up 0.15%, financials were 0.20% higher and industrials added 0.31%.
Gold was quoted at $1,112.82 a troy ounce from $1,103.98/oz at the JSE's last close. Platinum was at $1,626.50/oz from $1,615.50/oz.
"Although Asia is mixed, the local bourse is up around 100 points and Dow futures are pointing upwards at this stage - but it's very quiet and you can't read too much into it at this early stage," said a local trader. He added that firmer metals prices were lending support.
Dow Jones Newswires reported European stock markets are expected to open higher Tuesday, encouraged by some headway on the Greece debt crisis and as markets try to get beyond worrying about further monetary tightening in China.
Wall Street futures are marginally higher after U.S. stocks ended slightly higher Monday.
On the JSE, Anglo American firmed R1.65 to R300 and BHP Billiton added R1.60 to R243.60. Sasol advanced 20 cents to R283.70.
