Money SA economy
The JSE tracked international markets lower on Tuesday morning amid risk aversion, ahead of Friday's US jobs report.
At 9.27am local time the JSE all share index had shed 0.92% with resources 1.62% down. Platinum miners shipped 2.03%, while gold miners declined 1.68%. Banks fell 0.51%, financials wavered 0.44% and industrials were 0.58% in negative territory. Gold was quoted at $1 235.43/oz from at $1 247.59/oz at the JSE's previous close, while platinum was at $1 556/oz from $1 571.00/oz at the JSE's last close.
A local dealer said: "All markets are weaker amid some risk aversion, and the local bourse is tracking global movement, but volumes are pretty dismal, and have been for some time now. Important jobs figures are out of the US later in the week, and eyes are already focussed on that."
European stocks opened lower Tuesday, amid worries that Chinese economic expansion is slowing and concerns about the potential impact on global growth of the Group of 20's pledge to cut deficits, according to Dow Jones Newswires.
In Asia, stocks were mostly lower in choppy trade on Tuesday, with many markets weighed down by a sharp fall in shares in China on concerns over a possible slowing in fresh investment into equities there.
On the JSE, Anglo shed R4.51 or 1.57% to R283.55, BHP Billiton dropped R3.32 or 1.55% to R210.93, and Sasol declined R4 or 1.41% to R279.50.
