Money SA economy
The JSE was flat in afternoon trade on Thursday as markets await US second quarter nonfarm payrolls this afternoon.
By 12pm local time the JSE all share index had risen 0.21%, with resources 0.55% higher. Platinum miners gained 1.13% while gold miners added 1.03%. Banks fell 0.12%, financials were up slightly by 0.11%, and industrials shed 0.03%. Gold was quoted at $1,246.12 a troy ounce from $1,245.54/oz at the JSE's previous close, while platinum was at $1,537.00/oz from $1,533.50/oz before.
"The market is waiting for 14:30 when jobless claims come out. Markets want further clarification on whether or not the upbeat economic data we've seen this week will continue. We'll probably see more activity after that," a local trader said.
Dow Jones Newswires reported earlier that Asian markets were higher on Thursday on the back of the stronger-than-expected US manufacturing data.
European stocks opened lower on Thursday, as investors looked to take profits after the sharp gains of the previous session, amid caution ahead of the US nonfarm payrolls release.
On the JSE, Anglo American gained R2.10 to R278.90, BHP Billiton lost 10 cents to R215.00, and Sasol rose R1.72 to R290.82.
