Money SA economy
The JSE was flat in afternoon trade on Friday in line with global markets as they await US August non-farm payrolls.
By 12pm local time the JSE all share index had risen 0.17%, with resources 0.31% higher. Platinum miners gained 0.51% while gold miners added 0.51%. Banks fell 0.13%, financials were down slightly by 0.02%, and industrials added 0.15%. Gold was quoted at $1 252.71/oz from $1 251.72/oz at the JSE's previous close, while platinum was at $1 557.50/oz from $1 551.50/oz before.
"We had a small sell-off when Euro area data came out. The data was mixed. The market will be fairly muted until the US August non farm payrolls which they have been waiting for, for the whole week come out this afternoon," a local trader commented.
Dow Jones Newswires reported earlier that Asian stock markets were modestly higher on Friday as another positive finish on Wall Street lifted sentiment, with technology plays leading markets in Tokyo and Seoul.
European stocks also opened slightly higher, but gains are likely to be limited as investors keep to the sidelines ahead of the nonfarm payrolls.
On the JSE, Anglo American added R1.65 to R277.15. Sasol rose R1.20 to R284.80 and BHP Billiton gained 69 cents to R212.60.
